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Chief Medical Officer Charbonneau Elissa Joy sale 10,000 shares of Encompass Health Corp [EHC]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Encompass Health Corp shares valued at $850,200 were sold by Charbonneau Elissa Joy on May 24 ’24. At $85.02 per share, Charbonneau Elissa Joy sold 10,000 shares. The insider’s holdings dropped to 18,594 shares worth approximately $1.59 million following the completion of this transaction.

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Also, Darby John Patrick sold 14,543 shares, netting a total of over 1,220,739 in proceeds. Following the sale of shares at $83.94 each, the insider now holds 84,773 shares.

Before that, CARMICHAEL GREG D had added 2,000 shares to its account. In a trade valued at $167,460, the Director bought Encompass Health Corp shares for $83.73 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $1.46 million.

As published in their initiating research note from Barclays on March 06, 2024, Encompass Health Corp [EHC] has been an Overweight and the price target has been revised to $95. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid March. As of September 24, 2021, UBS has initiated its “Buy” rating for EHC. Earlier on August 02, 2021, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for EHC stock which previously was a “an Outperform”.

Analyzing EHC Stock Performance

During the last five days, there has been a surge of approximately 1.13%. Over the course of the year, Encompass Health Corp shares have jumped approximately 28.22%. Shares of the company reached a 52-week high of $87.94 on 05/15/24 and a 52-week low of $65.99 on 01/02/24. A 50-day SMA is recorded $84.91, while a 200-day SMA reached $73.90. Nevertheless, trading volume fell to 0.55 million shares from 0.65 million shares the previous day.

Support And Resistance Levels for Encompass Health Corp (EHC)

According to the 24-hour chart, there is a support level at 85.20, which, if violated, would cause prices to drop to 84.37. In the upper region, resistance lies at 86.54. The next price resistance is at 87.05. RSI (Relative Strength Index) is 53.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 28.54%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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