Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DaVita Inc shares valued at $938,467 were sold by Rodriguez Javier on Feb 27 ’24. At $126.87 per share, Rodriguez Javier sold 7,397 shares. The insider’s holdings dropped to 481,300 shares worth approximately $61.43 million following the completion of this transaction.
Also, Rodriguez Javier sold 67,603 shares, netting a total of over 8,525,130 in proceeds. Following the sale of shares at $126.11 each, the insider now holds 488,697 shares.
Before that, STAFFIERI MICHAEL DAVID had sold 29,488 shares from its account. In a trade valued at $3,533,025, the Chief Operating Officer, DKC traded DaVita Inc shares for $119.81 each. Upon closing the transaction, the insider’s holdings decreased to 29,488 shares, worth approximately $4.81 million.
As published in their initiating research note from Barclays on March 06, 2024, DaVita Inc [DVA] has been an Equal weight and the price target has been revised to $133. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of November 01, 2022, Deutsche Bank has decreased its “Buy” rating to a “Hold” for DVA. Earlier on October 31, 2022, UBS downgraded its rating. Their new recommendation was “a Neutral” for DVA stock which previously was a “a Buy”.
Analyzing DVA Stock Performance
During the last five days, there has been a drop of approximately -3.35%. Over the course of the year, DaVita Inc shares have jumped approximately 21.84%. Shares of the company reached a 52-week high of $141.54 on 03/13/24 and a 52-week low of $103.40 on 01/23/24. A 50-day SMA is recorded $129.28, while a 200-day SMA reached $106.44. Nevertheless, trading volume fell to 0.55 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for DaVita Inc (DVA)
According to the 24-hour chart, there is a support level at 126.11, which, if violated, would cause prices to drop to 124.57. In the upper region, resistance lies at 129.91. The next price resistance is at 132.17. RSI (Relative Strength Index) is 36.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.86, which suggests the price will decrease in the coming days. Percent R is at 92.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
