Encompass Health Corp’s recently made public that its President & CEO Tarr Mark J unloaded Company’s shares for reported $3.75 million on Apr 30 ’24. In the deal valued at $83.27 per share,44,976 shares were sold. As a result of this transaction, Tarr Mark J now holds 554,098 shares worth roughly $46.11 million.
Then, COLTHARP DOUGLAS E sold 11,215 shares, generating $710,919 in total proceeds. Upon selling the shares at $63.39, the EVP & Chief Financial Officer now owns 116,293 shares.
Before that, Charbonneau Elissa Joy sold 8,294 shares. Encompass Health Corp shares valued at $577,097 were divested by the Chief Medical Officer at a price of $69.58 per share. As a result of the transaction, Charbonneau Elissa Joy now holds 23,081 shares, worth roughly $1.92 million.
Barclays initiated its Encompass Health Corp [EHC] rating to an Overweight in a research note published on March 06, 2024; the price target was $95. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid March with a ‘”an Equal weight”‘ rating. UBS began covering EHC with “Buy” recommendation on September 24, 2021. Raymond James revised its rating on August 02, 2021. It rated EHC as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of EHC
On Friday, Encompass Health Corp [NYSE:EHC] saw its stock fall -0.25% to $83.21. Over the last five days, the stock has gained 0.90%. Encompass Health Corp shares have risen nearly 24.72% since the year began. Nevertheless, the stocks have risen 32.29% over the past one year. While a 52-week high of $85.84 was reached on 04/25/24, a 52-week low of $57.55 was recorded on 01/02/24. SMA at 50 days reached $79.01, while 200 days put it at $70.61. A total of 0.6 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For EHC Stock
The 24-hour chart illustrates a support level at 82.67, which if violated will result in even more drops to 82.12. On the upside, there is a resistance level at 83.92. A further resistance level may holdings at 84.62. The Relative Strength Index (RSI) on the 14-day chart is 61.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.98%. Stochastics %K at 63.47% indicates the stock is a holding.
