The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Universal Health Services, Inc. shares valued at $533,616 were purchased by ELLIOT SUSSMAN on Jul 26 ’24. At $210.00 per share, ELLIOT SUSSMAN acquired 2,541 shares.
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Also, EILEEN C. MCDONNELL purchased 2,535 shares, netting a total of over 531,211 in proceeds.
Before that, Peterson Matthew Jay had sold 15,141 shares from its account. In a trade valued at $3,192,458, the Executive Vice President, UHS traded Universal Health Services, Inc. shares for $210.85 each. Upon closing the transaction, the insider’s holdings decreased to 15,141 shares, worth approximately $1.12 million.
As published in a research note from Cantor Fitzgerald on July 26, 2024, Universal Health Services, Inc. [UHS] has been rated up from an Underweight to a Neutral and the price target has been revised to $219 from $162. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late July. As of June 26, 2024, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for UHS. Earlier on May 30, 2024, Robert W. Baird initiated its rating. Their recommendation was “a Neutral” for UHS stock.
Analyzing UHS Stock Performance
During the last five days, there has been a surge of approximately 14.94%. Over the course of the year, Universal Health Services, Inc. shares have jumped approximately 40.23%. Shares of the company reached a 52-week high of $219.61 on 07/29/24 and a 52-week low of $150.11 on 01/24/24. A 50-day SMA is recorded $187.48, while a 200-day SMA reached $163.67. Nevertheless, trading volume fell to 1.11 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Universal Health Services, Inc. (UHS)
According to the 24-hour chart, there is a support level at 211.39, which, if violated, would cause prices to drop to 209.03. In the upper region, resistance lies at 216.48. The next price resistance is at 219.21. RSI (Relative Strength Index) is 73.44 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 21.75, which suggests the price will increase in the coming days. Percent R is at 13.85%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
