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Recent Insider Activity Could Benefit Ensign Group Inc (ENSG)

Ensign Group Inc’s recent filing unveils that its Director Agwunobi John O acquired Company’s shares for reported $18.0 on Apr 30 ’24. In the deal valued at $117.58 per share,0 shares were bought. As a result of this transaction, Agwunobi John O now holds 5,250 shares worth roughly $0.61 million.

Then, Shaw Daren sold 4,463 shares, generating $530,918 in total proceeds. Upon selling the shares at $118.96, the Director now owns 32,250 shares.

Before that, Wittekind Beverly B. sold 10,000 shares. Ensign Group Inc shares valued at $1,216,549 were divested by the VP and General Counsel at a price of $121.65 per share. As a result of the transaction, Wittekind Beverly B. now holds 37,912 shares, worth roughly $4.43 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 Friday, Ensign Group Inc [NASDAQ:ENSG] saw its stock jump 0.29% to $116.89. Over the last five days, the stock has lost -0.31%. Ensign Group Inc shares have risen nearly 4.17% since the year began. Nevertheless, the stocks have risen 24.71% 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 $121.36, while 200 days put it at $108.34. A total of 0.54 million shares were traded, compared to the trading of 0.45 million shares in the previous session.

Levels Of Support And Resistance For ENSG Stock

The 24-hour chart illustrates a support level at 115.30, which if violated will result in even more drops to 113.71. On the upside, there is a resistance level at 118.06. A further resistance level may holdings at 119.22. The Relative Strength Index (RSI) on the 14-day chart is 42.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.13%. Stochastics %K at 53.44% indicates the stock is a holding.

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