Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Humana Inc. shares valued at $200,066 were purchased by Mesquita Jorge S. on Feb 20 ’24. At $367.09 per share, Mesquita Jorge S. acquired 545 shares. The insider’s holdings grew to 2,578 shares worth approximately $0.82 million following the completion of this transaction.
Also, Diamond Susan M sold 4,156 shares, netting a total of over 2,187,226 in proceeds. Following the sale of shares at $526.28 each, the insider now holds 3,931 shares.
As published in a research note from BofA Securities on April 02, 2024, Humana Inc. [HUM] has been rated down from a Buy to a Neutral and the price target has been revised to $342 from $470. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of March 22, 2024, Raymond James has initiated its “Mkt perform” rating for HUM. Earlier on March 13, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for HUM stock which previously was a “a Buy”.
Analyzing HUM Stock Performance
During the last five days, there has been a surge of approximately 3.61%. Over the course of the year, Humana Inc. shares have dropped approximately -30.28%. Shares of the company reached a 52-week high of $475.00 on 01/03/24 and a 52-week low of $299.23 on 04/02/24. A 50-day SMA is recorded $350.56, while a 200-day SMA reached $442.75. Nevertheless, trading volume fell to 1.1 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Humana Inc. (HUM)
According to the 24-hour chart, there is a support level at 315.94, which, if violated, would cause prices to drop to 312.71. In the upper region, resistance lies at 321.86. The next price resistance is at 324.55. RSI (Relative Strength Index) is 35.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.15, which suggests the price will decrease in the coming days. Percent R is at 63.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Humana Inc. subject to short interest?
Stocks of Humana Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.21 million shares to 2.45 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.24 million shares. A jump of 8.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.62 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.62.
