Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Universal Health Services, Inc. shares valued at $6,188,630 were sold by FILTON STEVE on Mar 08 ’24. At $176.82 per share, FILTON STEVE sold 35,000 shares. The insider’s holdings dropped to 68,785 shares worth approximately $11.36 million following the completion of this transaction.
Also, Peterson Matthew Jay sold 6,337 shares, netting a total of over 1,119,952 in proceeds. Following the sale of shares at $176.73 each, the insider now holds 459 shares.
Before that, Peterson Matthew Jay had sold 7,935 shares from its account. In a trade valued at $1,383,976, the Executive Vice President, UHS traded Universal Health Services, Inc. shares for $174.41 each. Upon closing the transaction, the insider’s holdings decreased to 7,935 shares, worth approximately $75780.9.
As published in their initiating research note from Barclays on March 06, 2024, Universal Health Services, Inc. [UHS] has been an Equal weight and the price target has been revised to $181. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of December 11, 2023, Goldman has increased its “Sell” rating to a “Buy” for UHS. Earlier on June 02, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for UHS stock which previously was a “a Neutral”.
Analyzing UHS Stock Performance
During the last five days, there has been a surge of approximately 7.45%. Over the course of the year, Universal Health Services, Inc. shares have jumped approximately 8.30%. Shares of the company reached a 52-week high of $183.61 on 03/28/24 and a 52-week low of $150.11 on 01/24/24. A 50-day SMA is recorded $170.15, while a 200-day SMA reached $147.04. Nevertheless, trading volume fell to 1.25 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Universal Health Services, Inc. (UHS)
According to the 24-hour chart, there is a support level at 159.47, which, if violated, would cause prices to drop to 153.84. In the upper region, resistance lies at 172.84. The next price resistance is at 180.58. RSI (Relative Strength Index) is 46.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 44.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
