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Ensign Group Inc (ENSG) receives a Buy rating from Berenberg

Ensign Group Inc’s recently made public that its Director Shaw Daren unloaded Company’s shares for reported $0.53 million on Apr 15 ’24. In the deal valued at $118.96 per share,4,463 shares were sold. As a result of this transaction, Shaw Daren now holds 32,250 shares worth roughly $3.82 million.

Then, Wittekind Beverly B. sold 10,000 shares, generating $1,216,549 in total proceeds. Upon selling the shares at $121.65, the VP and General Counsel now owns 37,912 shares.

Before that, Shaw Daren sold 6,000 shares. Ensign Group Inc shares valued at $718,005 were divested by the Director at a price of $119.67 per share. As a result of the transaction, Shaw Daren now holds 31,375 shares, worth roughly $3.71 million.

Berenberg initiated its Ensign Group Inc [ENSG] rating to a Buy in a research note published on September 28, 2023; the price target was $110. Stephens also remained covering ENSG and has increased its forecast on November 11, 2020 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Stifel revised its rating on October 31, 2019. It rated ENSG as “a Buy” which previously was an “a Hold”.

Price Performance Review of ENSG

On Tuesday, Ensign Group Inc [NASDAQ:ENSG] saw its stock fall -0.28% to $118.36. Over the last five days, the stock has lost -0.22%. Ensign Group Inc shares have risen nearly 5.48% since the year began. Nevertheless, the stocks have risen 21.91% over the past one year. While a 52-week high of $127.57 was reached on 03/05/24, a 52-week low of $87.14 was recorded on 02/02/24. SMA at 50 days reached $121.66, while 200 days put it at $107.93. A total of 0.4 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For ENSG Stock

The 24-hour chart illustrates a support level at 117.20, which if violated will result in even more drops to 116.03. On the upside, there is a resistance level at 119.17. A further resistance level may holdings at 119.98. The Relative Strength Index (RSI) on the 14-day chart is 46.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.35%. Stochastics %K at 47.54% indicates the stock is a holding.

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