Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Agilon Health Inc shares valued at $250,206 were purchased by Schwaneke Jeffrey A. on Nov 29 ’23. At $11.22 per share, Schwaneke Jeffrey A. acquired 22,300 shares. The insider’s holdings grew to 31,931 shares worth approximately $0.17 million following the completion of this transaction.
Also, Shaker Benjamin sold 18,750 shares, netting a total of over 337,455 in proceeds. Following the sale of shares at $18.00 each, the insider now holds 79,543 shares.
Before that, Shaker Benjamin had sold 18,750 shares from its account. In a trade valued at $338,481, the Chief Markets Officer traded Agilon Health Inc shares for $18.05 each. Upon closing the transaction, the insider’s holdings decreased to 18,750 shares, worth approximately $0.43 million.
As published in their initiating research note from Barclays on March 06, 2024, Agilon Health Inc [AGL] has been an Underweight and the price target has been revised to $5. Analysts at TD Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late February. As of February 26, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for AGL. Earlier on January 08, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for AGL stock which previously was a “an Outperform”.
Analyzing AGL Stock Performance
During the last five days, there has been a surge of approximately 13.68%. Over the course of the year, Agilon Health Inc shares have dropped approximately -56.97%. Shares of the company reached a 52-week high of $13.28 on 01/02/24 and a 52-week low of $4.44 on 03/25/24. A 50-day SMA is recorded $5.91, while a 200-day SMA reached $12.92. Nevertheless, trading volume fell to 3.8 million shares from 3.8 million shares the previous day.
Support And Resistance Levels for Agilon Health Inc (AGL)
According to the 24-hour chart, there is a support level at 5.24, which, if violated, would cause prices to drop to 5.09. In the upper region, resistance lies at 5.60. The next price resistance is at 5.80. RSI (Relative Strength Index) is 48.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 45.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Agilon Health Inc subject to short interest?
Stocks of Agilon Health Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.84 million shares to 46.96 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 46.12 million shares. A jump of 1.79% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.04 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.04.
