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. Hims & Hers Health Inc shares valued at $34,917 were sold by Boughton Soleil on Apr 15 ’24. At $13.95 per share, Boughton Soleil sold 2,503 shares. The insider’s holdings dropped to 164,363 shares worth approximately $2.03 million following the completion of this transaction.
Also, Baird Melissa sold 11,751 shares, netting a total of over 173,254 in proceeds. Following the sale of shares at $14.74 each, the insider now holds 538,932 shares.
Before that, Baird Melissa had sold 11,751 shares from its account. In a trade valued at $171,372, the Chief Operating Officer traded Hims & Hers Health Inc shares for $14.58 each. Upon closing the transaction, the insider’s holdings decreased to 11,751 shares, worth approximately $6.65 million.
As published in a research note from Jefferies on April 16, 2024, Hims & Hers Health Inc [HIMS] has been rated down from a Buy to a Hold and the price target has been revised to $15 from $17. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of February 28, 2024, Imperial Capital has increased its “an In-line” rating to a “an Outperform” for HIMS. Earlier on February 26, 2024, Leerink Partners initiated its rating. Their recommendation was “a Market perform” for HIMS stock.
Analyzing HIMS Stock Performance
During the last five days, there has been a drop of approximately -15.48%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 38.65%. Shares of the company reached a 52-week high of $17.16 on 03/25/24 and a 52-week low of $8.09 on 01/05/24. A 50-day SMA is recorded $13.35, while a 200-day SMA reached $9.06. Nevertheless, trading volume fell to 3.55 million shares from 7.02 million shares the previous day.
Support And Resistance Levels for Hims & Hers Health Inc (HIMS)
According to the 24-hour chart, there is a support level at 12.11, which, if violated, would cause prices to drop to 11.88. In the upper region, resistance lies at 12.60. The next price resistance is at 12.86. RSI (Relative Strength Index) is 32.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.70, which suggests the price will decrease in the coming days. Percent R is at 94.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
