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Investing in Enhabit Inc (EHAB) Is Getting More Attractive

Enhabit Inc’s recent filing unveils that its Director Bolton Jeffrey acquired Company’s shares for reported $83300.0 on May 17 ’24. In the deal valued at $8.33 per share,10,000 shares were bought. As a result of this transaction, Bolton Jeffrey now holds 52,299 shares worth roughly $0.46 million.

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Then, Hoeflinger Erin bought 2,000 shares, generating $18,000 in total proceeds. Upon buying the shares at $9.00, the Director now owns 30,399 shares.

Before that, Bolton Jeffrey bought 10,000 shares. Enhabit Inc shares valued at $82,400 were divested by the Director at a price of $8.24 per share. As a result of the transaction, Bolton Jeffrey now holds 42,299 shares, worth roughly $0.37 million.

Leerink Partners upgraded its Enhabit Inc [EHAB] rating to a Market perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. UBS also remained covering EHAB and has increased its forecast on March 07, 2024 with a “Neutral” recommendation from previously “Sell” rating. TD Cowen started covering the stock on December 12, 2023. It rated EHAB as “a Market perform”.

Price Performance Review of EHAB

On Monday, Enhabit Inc [NYSE:EHAB] saw its stock fall -1.91% to $8.75. Over the last five days, the stock has gained 2.94%. Enhabit Inc shares have fallen nearly -15.46% since the year began. Nevertheless, the stocks have fallen -26.84% over the past one year. While a 52-week high of $14.59 was reached on 03/28/24, a 52-week low of $7.12 was recorded on 05/09/24. SMA at 50 days reached $9.22, while 200 days put it at $9.81. A total of 0.61 million shares were traded, compared to the trading of 1.19 million shares in the previous session.

Levels Of Support And Resistance For EHAB Stock

The 24-hour chart illustrates a support level at 8.53, which if violated will result in even more drops to 8.30. On the upside, there is a resistance level at 9.04. A further resistance level may holdings at 9.32. The Relative Strength Index (RSI) on the 14-day chart is 45.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.44%. Stochastics%K at 39.39% indicates the stock is a holding.

The most recent change occurred on June 20, 2023 when SVB Securities began covering the stock and recommended ‘”an Underperform”‘ rating along with a $10 price target.

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