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. Bausch Health Companies Inc shares valued at $61,867 were sold by Carson Seana on Mar 04 ’24. At $9.80 per share, Carson Seana sold 6,313 shares. The insider’s holdings dropped to 499,905 shares worth approximately $4.28 million following the completion of this transaction.
Also, Carson Seana sold 220 shares, netting a total of over 1,624 in proceeds. Following the sale of shares at $7.38 each, the insider now holds 382,925 shares.
Before that, Carson Seana had sold 43 shares from its account. In a trade valued at $327, the EVP, General Counsel traded Bausch Health Companies Inc shares for $7.61 each. Upon closing the transaction, the insider’s holdings decreased to 43 shares, worth approximately $3.29 million.
As published in a research note from Jefferies on September 20, 2023, Bausch Health Companies Inc [BHC] has been rated up from a Hold to a Buy and the price target has been revised to $16 from $9. Analysts at TD Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid June. As of July 29, 2022, Truist has decreased its “Buy” rating to a “Hold” for BHC. Earlier on July 29, 2022, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for BHC stock which previously was a “an Outperform”.
Analyzing BHC Stock Performance
During the last five days, there has been a drop of approximately -1.15%. Over the course of the year, Bausch Health Companies Inc shares have jumped approximately 6.73%. Shares of the company reached a 52-week high of $11.46 on 04/03/24 and a 52-week low of $7.56 on 01/03/24. A 50-day SMA is recorded $9.25, while a 200-day SMA reached $8.30. Nevertheless, trading volume fell to 1.97 million shares from 4.03 million shares the previous day.
Support And Resistance Levels for Bausch Health Companies Inc (BHC)
According to the 24-hour chart, there is a support level at 8.48, which, if violated, would cause prices to drop to 8.39. In the upper region, resistance lies at 8.62. The next price resistance is at 8.67. RSI (Relative Strength Index) is 38.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 90.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
