Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. U.S. Physical Therapy, Inc. shares valued at $290,754 were sold by READING CHRISTOPHER J on May 30 ’24. At $100.26 per share, READING CHRISTOPHER J sold 2,900 shares. The insider’s holdings dropped to 95,838 shares worth approximately $8.91 million following the completion of this transaction.
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Also, READING CHRISTOPHER J sold 1,000 shares, netting a total of over 100,130 in proceeds. Following the sale of shares at $100.13 each, the insider now holds 98,738 shares.
Before that, READING CHRISTOPHER J had sold 1,100 shares from its account. In a trade valued at $112,343, the Chairman of the Board and CEO traded U.S. Physical Therapy, Inc. shares for $102.13 each. Upon closing the transaction, the insider’s holdings decreased to 1,100 shares, worth approximately $9.28 million.
As published in their initiating research note from JP Morgan on September 22, 2023, U.S. Physical Therapy, Inc. [USPH] has been an Overweight and the price target has been revised to $108. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of December 14, 2021, CJS Securities has increased its “Market perform” rating to a “Market outperform” for USPH. Earlier on August 06, 2021, Barrington Research resumed its rating. Their recommendation was “an Outperform” for USPH stock.
Analyzing USPH Stock Performance
During the last five days, there has been a drop of approximately -1.41%. Over the course of the year, U.S. Physical Therapy, Inc. shares have dropped approximately -0.15%. Shares of the company reached a 52-week high of $113.63 on 04/01/24 and a 52-week low of $90.49 on 07/01/24. A 50-day SMA is recorded $99.82, while a 200-day SMA reached $96.17. Nevertheless, trading volume fell to 69833.0 shares from 0.13 million shares the previous day.
Support And Resistance Levels for U.S. Physical Therapy, Inc. (USPH)
According to the 24-hour chart, there is a support level at 91.69, which, if violated, would cause prices to drop to 90.39. In the upper region, resistance lies at 93.76. The next price resistance is at 94.53. RSI (Relative Strength Index) is 40.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.83, which suggests the price will decrease in the coming days. Percent R is at 72.11%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
