Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HCA Healthcare Inc shares valued at $1,045,465 were sold by Whalen Kathleen M on May 16 ’24. At $326.30 per share, Whalen Kathleen M sold 3,204 shares. The insider’s holdings dropped to 9,454 shares worth approximately $3.01 million following the completion of this transaction.
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Also, Torres Kathryn A. sold 1,863 shares, netting a total of over 607,673 in proceeds. Following the sale of shares at $326.18 each, the insider now holds 19,612 shares.
Before that, Cuffe Michael S. had sold 6,311 shares from its account. In a trade valued at $1,999,825, the EVP and Chief Clinical Officer traded HCA Healthcare Inc shares for $316.88 each. Upon closing the transaction, the insider’s holdings decreased to 6,311 shares, worth approximately $9.43 million.
As published in their initiating research note from Barclays on March 06, 2024, HCA Healthcare Inc [HCA] has been an Overweight and the price target has been revised to $356. Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early January. As of December 11, 2023, Goldman has decreased its “Buy” rating to a “Neutral” for HCA. Earlier on April 21, 2023, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for HCA stock.
Analyzing HCA Stock Performance
During the last five days, there has been a drop of approximately -2.61%. Over the course of the year, HCA Healthcare Inc shares have jumped approximately 17.63%. Shares of the company reached a 52-week high of $335.83 on 04/04/24 and a 52-week low of $268.80 on 01/02/24. A 50-day SMA is recorded $320.77, while a 200-day SMA reached $282.12. Nevertheless, trading volume fell to 0.68 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for HCA Healthcare Inc (HCA)
According to the 24-hour chart, there is a support level at 316.48, which, if violated, would cause prices to drop to 314.56. In the upper region, resistance lies at 321.42. The next price resistance is at 324.44. RSI (Relative Strength Index) is 49.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.60, which suggests the price will increase in the coming days. Percent R is at 46.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
