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Encompass Health Corp (EHC) rating initates by Barclays

Encompass Health Corp’s recently made public that its Chief Medical Officer Charbonneau Elissa Joy unloaded Company’s shares for reported $0.85 million on May 24 ’24. In the deal valued at $85.02 per share,10,000 shares were sold. As a result of this transaction, Charbonneau Elissa Joy now holds 18,594 shares worth roughly $1.59 million.

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Then, Darby John Patrick sold 14,543 shares, generating $1,220,739 in total proceeds. Upon selling the shares at $83.94, the EVP, Gen Counsel & Secretary now owns 84,773 shares.

Before that, CARMICHAEL GREG D bought 2,000 shares. Encompass Health Corp shares valued at $167,460 were divested by the Director at a price of $83.73 per share. As a result of the transaction, CARMICHAEL GREG D now holds 17,050 shares, worth roughly $1.46 million.

Barclays initiated its Encompass Health Corp [EHC] rating to an Overweight in a research note published on March 06, 2024; the price target was $95. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid March with a ‘”an Equal weight”‘ rating. UBS began covering EHC with “Buy” recommendation on September 24, 2021. Raymond James revised its rating on August 02, 2021. It rated EHC as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of EHC

On Monday, Encompass Health Corp [NYSE:EHC] saw its stock fall -0.50% to $85.36. Over the last five days, the stock has gained 0.01%. Encompass Health Corp shares have risen nearly 27.94% since the year began. Nevertheless, the stocks have risen 27.36% over the past one year. While a 52-week high of $87.94 was reached on 05/15/24, a 52-week low of $57.55 was recorded on 01/02/24. SMA at 50 days reached $84.67, while 200 days put it at $73.72. A total of 0.98 million shares were traded, compared to the trading of 1.0 million shares in the previous session.

Levels Of Support And Resistance For EHC Stock

The 24-hour chart illustrates a support level at 84.64, which if violated will result in even more drops to 83.93. On the upside, there is a resistance level at 86.62. A further resistance level may holdings at 87.89. The Relative Strength Index (RSI) on the 14-day chart is 52.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.71%. Stochastics%K at 69.77% indicates the stock is a holding.

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