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ENSG stock rated an Outperform by Macquarie

Ensign Group Inc’s recent filing unveils that its CIO, EVP and Secretary Keetch Chad unloaded Company’s shares for reported $3.29 million on Jun 05 ’24. In the deal valued at $121.33 per share,27,134 shares were sold. As a result of this transaction, Keetch Chad now holds 86,946 shares worth roughly $10.95 million.

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Then, Shaw Daren sold 2,000 shares, generating $236,520 in total proceeds. Upon selling the shares at $118.26, the Director now owns 30,250 shares.

Before that, Blouin Ann Scott sold 350 shares. Ensign Group Inc shares valued at $40,764 were divested by the Director at a price of $116.47 per share. As a result of the transaction, Blouin Ann Scott now holds 20,002 shares, worth roughly $2.52 million.

Macquarie initiated its Ensign Group Inc [ENSG] rating to an Outperform in a research note published on June 28, 2024; the price target was $134. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Stephens revised its rating on November 11, 2020. It rated ENSG as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of ENSG

On Tuesday, Ensign Group Inc [NASDAQ:ENSG] saw its stock jump 1.44% to $125.93. Over the last five days, the stock has gained 3.92%. Ensign Group Inc shares have risen nearly 12.23% since the year began. Nevertheless, the stocks have risen 31.92% over the past one year. While a 52-week high of $127.57 was reached on 03/05/24, a 52-week low of $88.79 was recorded on 02/02/24. SMA at 50 days reached $119.41, while 200 days put it at $113.05. A total of 0.49 million shares were traded, compared to the trading of 1.21 million shares in the previous session.

Levels Of Support And Resistance For ENSG Stock

The 24-hour chart illustrates a support level at 124.28, which if violated will result in even more drops to 122.63. On the upside, there is a resistance level at 126.92. A further resistance level may holdings at 127.92. The Relative Strength Index (RSI) on the 14-day chart is 67.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.01%. Stochastics%K at 92.07% indicates the stock is a selling.

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