Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cross Country Healthcares, Inc. shares valued at $105,361 were sold by Mote Karen on Mar 15 ’24. At $16.95 per share, Mote Karen sold 6,216 shares. The insider’s holdings dropped to 35,101 shares worth approximately $0.63 million following the completion of this transaction.
Also, McDonald Colin Patrick sold 4,000 shares, netting a total of over 68,460 in proceeds. Following the sale of shares at $17.11 each, the insider now holds 17,568 shares.
Before that, Grieco Cynthia Ann had sold 1,000 shares from its account. In a trade valued at $20,700, the VP, Corporate Treasurer traded Cross Country Healthcares, Inc. shares for $20.70 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.12 million.
As published in their initiating research note from JMP Securities on December 06, 2023, Cross Country Healthcares, Inc. [CCRN] has been a Mkt perform. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of June 26, 2023, William Blair has initiated its “an Outperform” rating for CCRN. Earlier on March 10, 2023, Loop Capital initiated its rating. Their recommendation was “a Buy” for CCRN stock.
Analyzing CCRN Stock Performance
During the last five days, there has been a surge of approximately 1.88%. Over the course of the year, Cross Country Healthcares, Inc. shares have dropped approximately -20.94%. Shares of the company reached a 52-week high of $23.64 on 01/10/24 and a 52-week low of $15.81 on 02/22/24. A 50-day SMA is recorded $17.90, while a 200-day SMA reached $21.51. Nevertheless, trading volume fell to 0.54 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Cross Country Healthcares, Inc. (CCRN)
According to the 24-hour chart, there is a support level at 17.53, which, if violated, would cause prices to drop to 17.15. In the upper region, resistance lies at 18.14. The next price resistance is at 18.37. RSI (Relative Strength Index) is 51.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 26.84%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
