Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Surgery Partners Inc shares valued at $20,613 were sold by Doherty David T on Mar 14 ’24. At $28.59 per share, Doherty David T sold 721 shares. The insider’s holdings dropped to 95,719 shares worth approximately $2.24 million following the completion of this transaction.
Also, Evans Jason Eric sold 4,840 shares, netting a total of over 143,796 in proceeds. Following the sale of shares at $29.71 each, the insider now holds 459,670 shares.
Before that, Owens Bradley R. had sold 2,783 shares from its account. In a trade valued at $82,989, the National Group President traded Surgery Partners Inc shares for $29.82 each. Upon closing the transaction, the insider’s holdings decreased to 2,783 shares, worth approximately $1.83 million.
As published in their initiating research note from Barclays on March 06, 2024, Surgery Partners Inc [SGRY] has been an Equal weight and the price target has been revised to $35. Analysts at TD Cowen upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid November. As of June 02, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for SGRY. Earlier on May 12, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for SGRY stock.
Analyzing SGRY Stock Performance
During the last five days, there has been a drop of approximately -9.71%. Over the course of the year, Surgery Partners Inc shares have dropped approximately -26.79%. Shares of the company reached a 52-week high of $35.29 on 02/12/24 and a 52-week low of $23.19 on 04/18/24. A 50-day SMA is recorded $29.64, while a 200-day SMA reached $31.64. Nevertheless, trading volume fell to 1.82 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for Surgery Partners Inc (SGRY)
According to the 24-hour chart, there is a support level at 22.92, which, if violated, would cause prices to drop to 22.41. In the upper region, resistance lies at 24.20. The next price resistance is at 24.97. RSI (Relative Strength Index) is 23.86 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.27, which suggests the price will decrease in the coming days. Percent R is at 96.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
