Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pediatrix Medical Group Inc shares valued at $55,219 were sold by Swift James D on Dec 14 ’23. At $9.58 per share, Swift James D sold 5,764 shares. The insider’s holdings dropped to 90,874 shares worth approximately $0.82 million following the completion of this transaction.
Also, Moore Mary Ann E sold 1,150 shares, netting a total of over 11,063 in proceeds. Following the sale of shares at $9.62 each, the insider now holds 15,730 shares.
Before that, Moore Mary Ann E had sold 970 shares from its account. In a trade valued at $9,331, the EVP, General Counsel & Sec traded Pediatrix Medical Group Inc shares for $9.62 each. Upon closing the transaction, the insider’s holdings decreased to 970 shares, worth approximately $0.73 million.
As published in their initiating research note from SVB Leerink on September 27, 2021, Pediatrix Medical Group Inc [MD] has been a Mkt perform and the price target has been revised to $29. As of October 19, 2020, Deutsche Bank has decreased its “Hold” rating to a “Sell” for MD. Earlier on January 03, 2020, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for MD stock which previously was a “a Buy”.
Analyzing MD Stock Performance
During the last five days, there has been a drop of approximately -2.49%. Over the course of the year, Pediatrix Medical Group Inc shares have dropped approximately -3.12%. Shares of the company reached a 52-week high of $10.18 on 03/28/24 and a 52-week low of $7.70 on 02/20/24. A 50-day SMA is recorded $9.18, while a 200-day SMA reached $10.79. Nevertheless, trading volume fell to 0.55 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for Pediatrix Medical Group Inc (MD)
According to the 24-hour chart, there is a support level at 8.79, which, if violated, would cause prices to drop to 8.57. In the upper region, resistance lies at 9.24. The next price resistance is at 9.47. RSI (Relative Strength Index) is 46.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 65.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
