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Insider Selling: DESOER BARBARA J, DaVita Inc [DVA] Director divested 5,030 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DaVita Inc shares valued at $698,214 were sold by DESOER BARBARA J on May 10 ’24. At $138.81 per share, DESOER BARBARA J sold 5,030 shares. The insider’s holdings dropped to 10,954 shares worth approximately $1.53 million following the completion of this transaction.

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Also, Rodriguez Javier sold 7,397 shares, netting a total of over 938,467 in proceeds. Following the sale of shares at $126.87 each, the insider now holds 481,300 shares.

Before that, Rodriguez Javier had sold 67,603 shares from its account. In a trade valued at $8,525,130, the Chief Executive Officer traded DaVita Inc shares for $126.11 each. Upon closing the transaction, the insider’s holdings decreased to 67,603 shares, worth approximately $68.05 million.

As published in their initiating research note from Barclays on March 06, 2024, DaVita Inc [DVA] has been an Equal weight and the price target has been revised to $133. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of November 01, 2022, Deutsche Bank has decreased its “Buy” rating to a “Hold” for DVA. Earlier on October 31, 2022, UBS downgraded its rating. Their new recommendation was “a Neutral” for DVA stock which previously was a “a Buy”.

Analyzing DVA Stock Performance

During the last five days, there has been a drop of approximately -2.05%. Over the course of the year, DaVita Inc shares have jumped approximately 32.92%. Shares of the company reached a 52-week high of $147.93 on 05/30/24 and a 52-week low of $103.40 on 01/23/24. A 50-day SMA is recorded $139.75, while a 200-day SMA reached $116.11. Nevertheless, trading volume fell to 0.57 million shares from 0.68 million shares the previous day.

Support And Resistance Levels for DaVita Inc (DVA)

According to the 24-hour chart, there is a support level at 137.25, which, if violated, would cause prices to drop to 136.55. In the upper region, resistance lies at 138.88. The next price resistance is at 139.81. RSI (Relative Strength Index) is 46.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.55, which suggests the price will decrease in the coming days. Percent R is at 83.56%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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