Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hims & Hers Health Inc shares valued at $136,826 were sold by Baird Melissa on May 03 ’24. At $11.64 per share, Baird Melissa sold 11,750 shares. The insider’s holdings dropped to 538,932 shares worth approximately $6.96 million following the completion of this transaction.
Also, Baird Melissa sold 11,750 shares, netting a total of over 141,923 in proceeds. Following the sale of shares at $12.08 each, the insider now holds 538,932 shares.
Before that, Dudum Andrew had sold 188,888 shares from its account. In a trade valued at $2,367,891, the Chief Executive Officer traded Hims & Hers Health Inc shares for $12.54 each. Upon closing the transaction, the insider’s holdings decreased to 188,888 shares, worth approximately $0.0.
As published in a research note from Jefferies on April 16, 2024, Hims & Hers Health Inc [HIMS] has been rated down from a Buy to a Hold and the price target has been revised to $15 from $17. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of February 28, 2024, Imperial Capital has increased its “an In-line” rating to a “an Outperform” for HIMS. Earlier on February 26, 2024, Leerink Partners initiated its rating. Their recommendation was “a Market perform” for HIMS stock.
Analyzing HIMS Stock Performance
During the last five days, there has been a surge of approximately 5.56%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 45.17%. Shares of the company reached a 52-week high of $17.16 on 03/25/24 and a 52-week low of $8.09 on 01/05/24. A 50-day SMA is recorded $13.94, while a 200-day SMA reached $9.32. Nevertheless, trading volume fell to 10.45 million shares from 25.71 million shares the previous day.
Support And Resistance Levels for Hims & Hers Health Inc (HIMS)
According to the 24-hour chart, there is a support level at 12.42, which, if violated, would cause prices to drop to 11.93. In the upper region, resistance lies at 13.21. The next price resistance is at 13.51. RSI (Relative Strength Index) is 51.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 29.36%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
