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Surgery Partners Inc [SGRY] Investment Appeal on the Rise

Surgery Partners Inc’s filing revealed that its Chief Human Resources Officer Burkhalter Danielle unloaded Company’s shares for reported $0.16 million on Jun 12 ’24. In the deal valued at $26.39 per share,6,000 shares were sold. As a result of this transaction, Burkhalter Danielle now holds 30,354 shares worth roughly $0.76 million.

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Then, Owens Bradley R. sold 6,000 shares, generating $165,900 in total proceeds. Upon selling the shares at $27.65, the National Group President now owns 72,338 shares.

Before that, Doherty David T sold 721 shares. Surgery Partners Inc shares valued at $20,613 were divested by the Chief Financial Officer at a price of $28.59 per share. As a result of the transaction, Doherty David T now holds 95,719 shares, worth roughly $2.39 million.

Barclays initiated its Surgery Partners Inc [SGRY] rating to an Equal weight in a research note published on March 06, 2024; the price target was $35. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in mid November from “a Market perform” to “an Outperform”. BofA Securities also remained covering SGRY and has increased its forecast on June 02, 2023 with a “Buy” recommendation from previously “Neutral” rating. Mizuho started covering the stock on May 12, 2023. It rated SGRY as “a Buy”.

Price Performance Review of SGRY

On Friday, Surgery Partners Inc [NASDAQ:SGRY] saw its stock fall -1.26% to $25.00. Over the last five days, the stock has lost -1.81%. Surgery Partners Inc shares have fallen nearly -21.85% since the year began. Nevertheless, the stocks have fallen -39.16% over the past one year. While a 52-week high of $45.79 was reached on 02/12/24, a 52-week low of $22.05 was recorded on 04/18/24. SMA at 50 days reached $25.77, while 200 days put it at $29.20. A total of 0.74 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For SGRY Stock

The 24-hour chart illustrates a support level at 24.41, which if violated will result in even more drops to 23.83. On the upside, there is a resistance level at 25.44. A further resistance level may holdings at 25.89. The Relative Strength Index (RSI) on the 14-day chart is 44.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.11%. Stochastics %K at 36.54% indicates the stock is a holding.

The most recent change occurred on April 21, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $43 price target.

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