The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Surgery Partners Inc shares valued at $20,613 were sold by Doherty David T on Mar 14 ’24. At $28.59 per share, Doherty David T sold 721 shares. The insider’s holdings dropped to 95,719 shares worth approximately $2.51 million following the completion of this transaction.
Also, Evans Jason Eric sold 4,840 shares, netting a total of over 143,796 in proceeds. Following the sale of shares at $29.71 each, the insider now holds 459,670 shares.
Before that, Owens Bradley R. had sold 2,783 shares from its account. In a trade valued at $82,989, the National Group President traded Surgery Partners Inc shares for $29.82 each. Upon closing the transaction, the insider’s holdings decreased to 2,783 shares, worth approximately $2.06 million.
As published in their initiating research note from Barclays on March 06, 2024, Surgery Partners Inc [SGRY] has been an Equal weight and the price target has been revised to $35. Analysts at TD Cowen upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid November. As of June 02, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for SGRY. Earlier on May 12, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for SGRY stock.
Analyzing SGRY Stock Performance
During the last five days, there has been a drop of approximately -4.47%. Over the course of the year, Surgery Partners Inc shares have dropped approximately -17.91%. Shares of the company reached a 52-week high of $35.29 on 02/12/24 and a 52-week low of $25.67 on 04/10/24. A 50-day SMA is recorded $30.46, while a 200-day SMA reached $32.21. Nevertheless, trading volume fell to 0.75 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Surgery Partners Inc (SGRY)
According to the 24-hour chart, there is a support level at 25.63, which, if violated, would cause prices to drop to 25.00. In the upper region, resistance lies at 26.93. The next price resistance is at 27.61. RSI (Relative Strength Index) is 33.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 87.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Surgery Partners Inc subject to short interest?
Stocks of Surgery Partners Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.85 million shares to 8.04 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 7.19 million shares. A jump of 10.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.7 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.7.
