Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. R1 RCM Inc. shares valued at $143,959 were sold by SPARBY JOHN M. on Mar 07 ’24. At $14.33 per share, SPARBY JOHN M. sold 10,046 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, HENNEMAN JOHN B III sold 50,000 shares, netting a total of over 858,650 in proceeds. Following the sale of shares at $17.17 each, the insider now holds 72,114 shares.
Before that, Evans Richard B. Jr. had sold 17,000 shares from its account. In a trade valued at $286,229, the Principal Accounting Officer traded R1 RCM Inc. shares for $16.84 each. Upon closing the transaction, the insider’s holdings decreased to 17,000 shares, worth approximately $1.58 million.
As published in a research note from KeyBanc Capital Markets on April 10, 2024, R1 RCM Inc. [RCM] has been rated down from an Overweight to a Sector weight. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of February 26, 2024, Leerink Partners has initiated its “an Outperform” rating for RCM. Earlier on January 03, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for RCM stock.
Analyzing RCM Stock Performance
During the last five days, there has been a drop of approximately -1.01%. Over the course of the year, R1 RCM Inc. shares have jumped approximately 20.62%. Shares of the company reached a 52-week high of $15.12 on 02/27/24 and a 52-week low of $8.87 on 01/12/24. A 50-day SMA is recorded $12.44, while a 200-day SMA reached $12.40. Nevertheless, trading volume fell to 2.25 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for R1 RCM Inc. (RCM)
According to the 24-hour chart, there is a support level at 12.57, which, if violated, would cause prices to drop to 12.40. In the upper region, resistance lies at 12.96. The next price resistance is at 13.17. RSI (Relative Strength Index) is 55.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 31.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
