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. Privia Health Group Inc shares valued at $69,889 were sold by Mountcastle David on Apr 02 ’24. At $17.77 per share, Mountcastle David sold 3,933 shares. The insider’s holdings dropped to 262,279 shares worth approximately $4.88 million following the completion of this transaction.
Also, Sullivan William M sold 400 shares, netting a total of over 9,208 in proceeds. Following the sale of shares at $23.02 each, the insider now holds 5,445,018 shares.
Before that, Sullivan William M had sold 7,115 shares from its account. In a trade valued at $163,858, the Director traded Privia Health Group Inc shares for $23.03 each. Upon closing the transaction, the insider’s holdings decreased to 7,115 shares, worth approximately $101.28 million.
As published in their initiating research note from Barclays on March 06, 2024, Privia Health Group Inc [PRVA] has been an Equal weight and the price target has been revised to $22. As of February 22, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for PRVA. Earlier on December 06, 2023, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for PRVA stock.
Analyzing PRVA Stock Performance
During the last five days, there has been a surge of approximately 1.92%. Over the course of the year, Privia Health Group Inc shares have dropped approximately -19.24%. Shares of the company reached a 52-week high of $24.05 on 01/02/24 and a 52-week low of $17.54 on 04/02/24. A 50-day SMA is recorded $20.39, while a 200-day SMA reached $22.90. Nevertheless, trading volume fell to 0.61 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Privia Health Group Inc (PRVA)
According to the 24-hour chart, there is a support level at 18.33, which, if violated, would cause prices to drop to 18.05. In the upper region, resistance lies at 18.96. The next price resistance is at 19.31. RSI (Relative Strength Index) is 40.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 69.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Privia Health Group Inc subject to short interest?
Stocks of Privia Health Group Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.71 million shares to 7.3 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 6.59 million shares. A jump of 9.73% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.82 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.82.
