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A company insider recently bought 437 shares of National Health Investors, Inc. [NHI]. Should You Buy?

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. National Health Investors, Inc. shares valued at $28,768 were purchased by MCCABE ROBERT A JR on May 31 ’24. At $65.83 per share, MCCABE ROBERT A JR acquired 437 shares. The insider’s holdings grew to 21,585 shares worth approximately $1.44 million following the completion of this transaction.

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Also, SWAFFORD CHARLOTTE A purchased 10,000 shares, netting a total of over 586,882 in proceeds. Following the buying of shares at $58.69 each, the insider now holds 110,185 shares.

Before that, Jobe James R had added 1,000 shares to its account. In a trade valued at $51,398, the Director bought National Health Investors, Inc. shares for $51.40 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $1.0 million.

As published in a research note from BMO Capital Markets on March 12, 2024, National Health Investors, Inc. [NHI] has been rated up from a Market perform to an Outperform and the price target has been revised to $67. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late February. As of February 26, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for NHI. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for NHI stock.

Analyzing NHI Stock Performance

Over the course of the year, National Health Investors, Inc. shares have jumped approximately 19.76%. Shares of the company reached a 52-week high of $68.86 on 07/03/24 and a 52-week low of $51.59 on 02/07/24. A 50-day SMA is recorded $65.68, while a 200-day SMA reached $57.66. Nevertheless, trading volume fell to 62391.0 shares from 0.14 million shares the previous day.

Support And Resistance Levels for National Health Investors, Inc. (NHI)

According to the 24-hour chart, there is a support level at 68.18, which, if violated, would cause prices to drop to 67.88. In the upper region, resistance lies at 68.81. The next price resistance is at 69.15. RSI (Relative Strength Index) is 52.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 10.78%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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