In a filing, Select Medical Holdings Corporation revealed its EXECUTIVE CHAIRMAN ORTENZIO ROBERT A unloaded Company’s shares for reported $1.5 million on Apr 08 ’24. In the deal valued at $29.90 per share,50,000 shares were sold. As a result of this transaction, ORTENZIO ROBERT A now holds 6,689,668 shares worth roughly $210.26 million.
Then, ORTENZIO ROBERT A sold 50,000 shares, generating $1,415,000 in total proceeds. Upon selling the shares at $28.30, the EXECUTIVE CHAIRMAN now owns 6,739,668 shares.
Before that, ORTENZIO ROBERT A sold 50,000 shares. Select Medical Holdings Corporation shares valued at $1,300,000 were divested by the EXECUTIVE CHAIRMAN at a price of $26.00 per share. As a result of the transaction, ORTENZIO ROBERT A now holds 6,789,668 shares, worth roughly $213.4 million.
The Benchmark Company reiterated its Select Medical Holdings Corporation [SEM] rating to a Buy in a research note published on May 13, 2021; the price target was $44. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late February from “an Underperform” to “a Buy”. BofA/Merrill also remained covering SEM and has decreased its forecast on June 16, 2020 with a “an Underperform” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on September 17, 2019. It rated SEM as “a Buy”.
Price Performance Review of SEM
On Friday, Select Medical Holdings Corporation [NYSE:SEM] saw its stock jump 10.47% to $31.43. Over the last five days, the stock has gained 14.67%. Select Medical Holdings Corporation shares have risen nearly 33.74% since the year began. Nevertheless, the stocks have risen 7.12% over the past one year. While a 52-week high of $33.51 was reached on 05/03/24, a 52-week low of $21.28 was recorded on 01/03/24. SMA at 50 days reached $28.39, while 200 days put it at $26.43. A total of 1.99 million shares were traded, compared to the trading of 0.67 million shares in the previous session.
Levels Of Support And Resistance For SEM Stock
The 24-hour chart illustrates a support level at 29.33, which if violated will result in even more drops to 27.24. On the upside, there is a resistance level at 32.66. A further resistance level may holdings at 33.90. The Relative Strength Index (RSI) on the 14-day chart is 70.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.65%. Stochastics %K at 85.08% indicates the stock is a selling.
