Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.47 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 $3.04 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 drop of approximately -9.24%. Over the course of the year, HCA Healthcare Inc shares have jumped approximately 9.72%. 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 $319.47, while a 200-day SMA reached $278.39. Nevertheless, trading volume fell to 2.71 million shares from 1.62 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 291.78, which, if violated, would cause prices to drop to 286.55. In the upper region, resistance lies at 303.42. The next price resistance is at 309.83. RSI (Relative Strength Index) is 23.77 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.90, which suggests the price will decrease in the coming days. Percent R is at 90.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
