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. HCA Healthcare Inc shares valued at $289,299 were sold by Wasserman Chad J on Mar 20 ’24. At $330.25 per share, Wasserman Chad J sold 876 shares. The insider’s holdings dropped to 1,576 shares worth approximately $0.52 million following the completion of this transaction.
Also, Wasserman Chad J sold 344 shares, netting a total of over 110,758 in proceeds. Following the sale of shares at $321.97 each, the insider now holds 2,452 shares.
Before that, Whalen Kathleen M had sold 4,262 shares from its account. In a trade valued at $1,305,074, the SVP & Chief Ethics Officer traded HCA Healthcare Inc shares for $306.21 each. Upon closing the transaction, the insider’s holdings decreased to 4,262 shares, worth approximately $3.35 million.
As published in their initiating research note from Barclays on March 06, 2024, HCA Healthcare Inc [HCA] has been an Overweight and the price target has been revised to $356. Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early January. As of December 11, 2023, Goldman has decreased its “Buy” rating to a “Neutral” for HCA. Earlier on April 21, 2023, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for HCA stock.
Analyzing HCA Stock Performance
During the last five days, there has been a surge of approximately 0.64%. Over the course of the year, HCA Healthcare Inc shares have jumped approximately 20.90%. Shares of the company reached a 52-week high of $335.83 on 04/04/24 and a 52-week low of $268.80 on 01/02/24. A 50-day SMA is recorded $319.06, while a 200-day SMA reached $278.05. Nevertheless, trading volume fell to 0.64 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for HCA Healthcare Inc (HCA)
According to the 24-hour chart, there is a support level at 324.47, which, if violated, would cause prices to drop to 321.68. In the upper region, resistance lies at 329.78. The next price resistance is at 332.30. RSI (Relative Strength Index) is 54.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.16, which suggests the price will decrease in the coming days. Percent R is at 73.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is HCA Healthcare Inc subject to short interest?
Stocks of HCA Healthcare Inc saw a sharp steep in short interest on Mar 28, 2024 dropping by 50000.0 shares to 2.6 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.65 million shares. A decline of -1.92% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.61 of the overall float, the days-to-cover ratio (short ratio) decline to 2.61.
