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Agilon Health Inc (AGL) gets rating Initiated from Barclays

Agilon Health Inc’s filing revealed that its Director Schwaneke Jeffrey A. acquired Company’s shares for reported $0.25 million on Nov 29 ’23. In the deal valued at $11.22 per share,22,300 shares were bought. As a result of this transaction, Schwaneke Jeffrey A. now holds 31,931 shares worth roughly $0.16 million.

Then, Shaker Benjamin sold 18,750 shares, generating $337,455 in total proceeds. Upon selling the shares at $18.00, the Chief Markets Officer now owns 79,543 shares.

Before that, Shaker Benjamin sold 18,750 shares. Agilon Health Inc shares valued at $338,481 were divested by the Chief Markets Officer at a price of $18.05 per share. As a result of the transaction, Shaker Benjamin now holds 79,543 shares, worth roughly $0.39 million.

Barclays initiated its Agilon Health Inc [AGL] rating to an Underweight in a research note published on March 06, 2024; the price target was $5. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Market perform”. Jefferies also remained covering AGL and has decreased its forecast on February 26, 2024 with a “Hold” recommendation from previously “Buy” rating. Wolfe Research revised its rating on January 08, 2024. It rated AGL as “a Peer perform” which previously was an “an Outperform”.

Price Performance Review of AGL

On Friday, Agilon Health Inc [NYSE:AGL] saw its stock fall -7.13% to $4.95. Over the last five days, the stock has gained 4.21%. Agilon Health Inc shares have fallen nearly -60.56% since the year began. Nevertheless, the stocks have fallen -82.15% over the past one year. While a 52-week high of $28.99 was reached on 01/02/24, a 52-week low of $4.44 was recorded on 03/25/24. SMA at 50 days reached $5.88, while 200 days put it at $12.80. A total of 2.93 million shares were traded, compared to the trading of 2.56 million shares in the previous session.

Levels Of Support And Resistance For AGL Stock

The 24-hour chart illustrates a support level at 4.80, which if violated will result in even more drops to 4.64. On the upside, there is a resistance level at 5.25. A further resistance level may holdings at 5.54. The Relative Strength Index (RSI) on the 14-day chart is 42.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.02%. Stochastics %K at 44.70% indicates the stock is a holding.

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