Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AMN Healthcare Services Inc. shares valued at $113,600 were purchased by Caballero Jorge A. on Mar 06 ’24. At $56.80 per share, Caballero Jorge A. acquired 2,000 shares. The insider’s holdings grew to 2,437 shares worth approximately $0.14 million following the completion of this transaction.
Also, Fontenot Teri G. purchased 1,732 shares, netting a total of over 99,832 in proceeds. Following the buying of shares at $57.64 each, the insider now holds 4,558 shares.
Before that, HARRIS R JEFFREY had added 2,640 shares to its account. In a trade valued at $150,401, the Director bought AMN Healthcare Services Inc. shares for $56.97 each. Upon closing the transaction, the insider’s holdings increased to 2,640 shares, worth approximately $3.2 million.
As published in their initiating research note from JMP Securities on December 06, 2023, AMN Healthcare Services Inc. [AMN] has been a Mkt outperform and the price target has been revised to $85. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of November 03, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for AMN. Earlier on August 04, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for AMN stock which previously was a “a Buy”.
Analyzing AMN Stock Performance
During the last five days, there has been a surge of approximately 1.10%. Over the course of the year, AMN Healthcare Services Inc. shares have dropped approximately -21.27%. Shares of the company reached a 52-week high of $80.22 on 01/10/24 and a 52-week low of $53.77 on 02/26/24. A 50-day SMA is recorded $63.82, while a 200-day SMA reached $78.20. Nevertheless, trading volume fell to 0.65 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for AMN Healthcare Services Inc. (AMN)
According to the 24-hour chart, there is a support level at 57.94, which, if violated, would cause prices to drop to 56.92. In the upper region, resistance lies at 59.59. The next price resistance is at 60.22. RSI (Relative Strength Index) is 43.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.47, which suggests the price will decrease in the coming days. Percent R is at 74.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is AMN Healthcare Services Inc. subject to short interest?
Stocks of AMN Healthcare Services Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 40000.0 shares to 3.83 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.79 million shares. A jump of 1.04% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.82 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.82.
