Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Addus HomeCare Corporation shares valued at $25,200 were sold by Stevenson Roberton James on Jun 17 ’24. At $116.13 per share, Stevenson Roberton James sold 217 shares. The insider’s holdings dropped to 10,217 shares worth approximately $1.2 million following the completion of this transaction.
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Also, Stevenson Roberton James sold 109 shares, netting a total of over 11,328 in proceeds. Following the sale of shares at $103.93 each, the insider now holds 10,434 shares.
Before that, RAINES MONICA had sold 235 shares from its account. In a trade valued at $22,057, the EVP/CCO and Quality Officer traded Addus HomeCare Corporation shares for $93.86 each. Upon closing the transaction, the insider’s holdings decreased to 235 shares, worth approximately $1.41 million.
As published in their initiating research note from Macquarie on June 28, 2024, Addus HomeCare Corporation [ADUS] has been an Outperform and the price target has been revised to $136. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in late April. As of March 06, 2024, Barclays has initiated its “an Equal weight” rating for ADUS.
Analyzing ADUS Stock Performance
During the last five days, there has been a drop of approximately -1.79%. Over the course of the year, Addus HomeCare Corporation shares have jumped approximately 26.42%. Shares of the company reached a 52-week high of $120.53 on 06/25/24 and a 52-week low of $85.94 on 02/26/24. A 50-day SMA is recorded $110.22, while a 200-day SMA reached $95.62. Nevertheless, trading volume fell to 0.1 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Addus HomeCare Corporation (ADUS)
According to the 24-hour chart, there is a support level at 116.40, which, if violated, would cause prices to drop to 115.42. In the upper region, resistance lies at 118.17. The next price resistance is at 118.97. RSI (Relative Strength Index) is 56.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 31.34%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
