Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Select Medical Holdings Corporation shares valued at $1,495,000 were sold by ORTENZIO ROBERT A on Apr 08 ’24. At $29.90 per share, ORTENZIO ROBERT A sold 50,000 shares. The insider’s holdings dropped to 6,689,668 shares worth approximately $176.81 million following the completion of this transaction.
Also, ORTENZIO ROBERT A sold 50,000 shares, netting a total of over 1,415,000 in proceeds. Following the sale of shares at $28.30 each, the insider now holds 6,739,668 shares.
Before that, ORTENZIO ROBERT A had sold 50,000 shares from its account. In a trade valued at $1,300,000, the EXECUTIVE CHAIRMAN traded Select Medical Holdings Corporation shares for $26.00 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $179.45 million.
As published in a research note from The Benchmark Company on May 13, 2021, Select Medical Holdings Corporation [SEM] has been retained to a Buy and the price target has been revised to $44. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of June 16, 2020, BofA/Merrill has decreased its “Neutral” rating to a “an Underperform” for SEM. Earlier on September 17, 2019, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for SEM stock.
Analyzing SEM Stock Performance
During the last five days, there has been a drop of approximately -6.38%. Over the course of the year, Select Medical Holdings Corporation shares have jumped approximately 12.47%. Shares of the company reached a 52-week high of $30.29 on 03/28/24 and a 52-week low of $23.07 on 01/03/24. A 50-day SMA is recorded $28.04, while a 200-day SMA reached $26.54. Nevertheless, trading volume fell to 0.55 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Select Medical Holdings Corporation (SEM)
According to the 24-hour chart, there is a support level at 26.19, which, if violated, would cause prices to drop to 25.95. In the upper region, resistance lies at 26.72. The next price resistance is at 27.01. RSI (Relative Strength Index) is 31.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.79, which suggests the price will decrease in the coming days. Percent R is at 95.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
