Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. OrthoPediatrics corp shares valued at $88,647 were sold by Bailey David R on Mar 11 ’24. At $27.59 per share, Bailey David R sold 3,213 shares. The insider’s holdings dropped to 139,384 shares worth approximately $4.17 million following the completion of this transaction.
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Also, Hite Fred sold 3,195 shares, netting a total of over 88,150 in proceeds. Following the sale of shares at $27.59 each, the insider now holds 94,072 shares.
Before that, Odle Gregory A had sold 2,768 shares from its account. In a trade valued at $76,369, the President of Scoliosis traded OrthoPediatrics corp shares for $27.59 each. Upon closing the transaction, the insider’s holdings decreased to 2,768 shares, worth approximately $2.41 million.
As published in a research note from Truist on January 25, 2024, OrthoPediatrics corp [KIDS] has been rated down from a Buy to a Hold and the price target has been revised to $31 from $39. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid June. As of April 02, 2020, Needham has reiterated its “Buy” rating for KIDS. Earlier on January 08, 2020, SunTrust initiated its rating. Their recommendation was “a Buy” for KIDS stock.
Analyzing KIDS Stock Performance
During the last five days, there has been a surge of approximately 7.93%. Over the course of the year, OrthoPediatrics corp shares have dropped approximately -7.87%. Shares of the company reached a 52-week high of $35.75 on 05/07/24 and a 52-week low of $24.50 on 03/18/24. A 50-day SMA is recorded $30.98, while a 200-day SMA reached $29.40. Nevertheless, trading volume fell to 60346.0 shares from 96800.0 shares the previous day.
Support And Resistance Levels for OrthoPediatrics corp (KIDS)
According to the 24-hour chart, there is a support level at 29.47, which, if violated, would cause prices to drop to 29.00. In the upper region, resistance lies at 30.26. The next price resistance is at 30.57. RSI (Relative Strength Index) is 50.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 42.76%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
