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Encompass Health Corp (EHC) may enjoy gains as insiders got busy in the recent days

In a filing, Encompass Health Corp revealed its Chief Medical Officer Charbonneau Elissa Joy unloaded Company’s shares for reported $0.85 million on May 24 ’24. In the deal valued at $85.02 per share,10,000 shares were sold. As a result of this transaction, Charbonneau Elissa Joy now holds 18,594 shares worth roughly $1.59 million.

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Then, Darby John Patrick sold 14,543 shares, generating $1,220,739 in total proceeds. Upon selling the shares at $83.94, the EVP, Gen Counsel & Secretary now owns 84,773 shares.

Before that, CARMICHAEL GREG D bought 2,000 shares. Encompass Health Corp shares valued at $167,460 were divested by the Director at a price of $83.73 per share. As a result of the transaction, CARMICHAEL GREG D now holds 17,050 shares, worth roughly $1.46 million.

Leerink Partners initiated its Encompass Health Corp [EHC] rating to an Outperform in a research note published on July 10, 2024; the price target was $100. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Barclays began covering EHC with “an Equal weight” recommendation on March 14, 2023. UBS started covering the stock on September 24, 2021. It rated EHC as “a Buy”.

Price Performance Review of EHC

On Friday, Encompass Health Corp [NYSE:EHC] saw its stock fall -1.57% to $85.72. Over the last five days, the stock has lost -7.54%. Encompass Health Corp shares have risen nearly 28.48% since the year began. Nevertheless, the stocks have risen 21.40% over the past one year. While a 52-week high of $94.38 was reached on 07/31/24, a 52-week low of $57.55 was recorded on 01/02/24. SMA at 50 days reached $86.49, while 200 days put it at $76.69. A total of 0.76 million shares were traded, compared to the trading of 0.88 million shares in the previous session.

Levels Of Support And Resistance For EHC Stock

The 24-hour chart illustrates a support level at 85.18, which if violated will result in even more drops to 84.64. On the upside, there is a resistance level at 86.72. A further resistance level may holdings at 87.72. The Relative Strength Index (RSI) on the 14-day chart is 43.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.40%. Stochastics%K at 27.43% indicates the stock is a holding.

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