Community Health Systems, Inc.’s recently made public that its Director SMITH WAYNE T acquired Company’s shares for reported $2.11 million on Oct 31 ’23. In the deal valued at $2.11 per share,1,000,000 shares were bought. As a result of this transaction, SMITH WAYNE T now holds 5,107,901 shares worth roughly $15.32 million.
Barclays initiated its Community Health Systems, Inc. [CYH] rating to an Equal weight in a research note published on March 06, 2024; the price target was $3. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid June with a ‘”a Hold”‘ rating. BofA Securities also remained covering CYH and has decreased its forecast on June 15, 2022 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on March 29, 2022. It rated CYH as “an Equal weight”.
Price Performance Review of CYH
On Friday, Community Health Systems, Inc. [NYSE:CYH] saw its stock fall -0.99% to $3.00. Over the last five days, the stock has lost -5.66%. Community Health Systems, Inc. shares have fallen nearly -4.15% since the year began. Nevertheless, the stocks have fallen -43.18% over the past one year. While a 52-week high of $6.53 was reached on 02/15/24, a 52-week low of $2.01 was recorded on 02/22/24. SMA at 50 days reached $3.24, while 200 days put it at $3.27. A total of 1.22 million shares were traded, compared to the trading of 1.2 million shares in the previous session.
Levels Of Support And Resistance For CYH Stock
The 24-hour chart illustrates a support level at 2.95, which if violated will result in even more drops to 2.89. On the upside, there is a resistance level at 3.06. A further resistance level may holdings at 3.11. The Relative Strength Index (RSI) on the 14-day chart is 44.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.32%. Stochastics %K at 10.69% indicates the stock is a buying.
