Hims & Hers Health Inc’s recent filing unveils that its Chief Executive Officer Dudum Andrew unloaded Company’s shares for reported $1.05 million on Jun 20 ’24. In the deal valued at $22.97 per share,45,755 shares were sold. As a result of this transaction, Dudum Andrew now holds 33,502 shares worth roughly $0.74 million.
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Then, Chi Michael sold 7,500 shares, generating $183,750 in total proceeds. Upon selling the shares at $24.50, the Chief Commercial Officer now owns 185,326 shares.
Before that, Chi Michael sold 25,549 shares. Hims & Hers Health Inc shares valued at $602,701 were divested by the Chief Commercial Officer at a price of $23.59 per share. As a result of the transaction, Chi Michael now holds 185,326 shares, worth roughly $4.1 million.
Citigroup downgraded its Hims & Hers Health Inc [HIMS] rating to a Neutral from a a Buy in a research note published on May 22, 2024; the price target was increased to $20 from $16. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Hold”. Canaccord Genuity began covering HIMS with “Buy” recommendation on April 10, 2024. Imperial Capital revised its rating on February 28, 2024. It rated HIMS as “an Outperform” which previously was an “an In-line”.
Price Performance Review of HIMS
On Monday, Hims & Hers Health Inc [NYSE:HIMS] saw its stock unchanged to $22.15. Over the last five days, the stock has lost -6.74%. Hims & Hers Health Inc shares have risen nearly 148.88% since the year began. Nevertheless, the stocks have risen 165.59% over the past one year. While a 52-week high of $25.74 was reached on 06/18/24, a 52-week low of $5.65 was recorded on 01/05/24. SMA at 50 days reached $16.59, while 200 days put it at $11.12. A total of 8.34 million shares were traded, compared to the trading of 15.37 million shares in the previous session.
Levels Of Support And Resistance For HIMS Stock
The 24-hour chart illustrates a support level at 21.67, which if violated will result in even more drops to 21.20. On the upside, there is a resistance level at 22.75. A further resistance level may holdings at 23.36. The Relative Strength Index (RSI) on the 14-day chart is 59.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.71%. Stochastics %K at 45.89% indicates the stock is a holding.
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The most recent change occurred on February 26, 2024 when Leerink Partners began covering the stock and recommended ‘”a Market perform”‘ rating along with a $10 price target.
