Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Universal Health Services, Inc. shares valued at $749,552 were sold by Nimetz Warren J. on Aug 12 ’24. At $217.64 per share, Nimetz Warren J. sold 3,444 shares. The insider’s holdings dropped to 3,971 shares worth approximately $0.88 million following the completion of this transaction.
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Also, ELLIOT SUSSMAN purchased 1,722 shares, netting a total of over 375,534 in proceeds.
Before that, WARREN NIMETZ had added 3,444 shares to its account. In a trade valued at $749,562, the Director bought Universal Health Services, Inc. shares for $217.64 each.
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 4.61%. Over the course of the year, Universal Health Services, Inc. shares have jumped approximately 45.53%. Shares of the company reached a 52-week high of $224.34 on 08/14/24 and a 52-week low of $150.11 on 01/24/24. A 50-day SMA is recorded $194.40, while a 200-day SMA reached $168.19. Nevertheless, trading volume fell to 0.53 million shares from 0.39 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 219.74, which, if violated, would cause prices to drop to 217.62. In the upper region, resistance lies at 224.15. The next price resistance is at 226.45. RSI (Relative Strength Index) is 72.02 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.46, which suggests the price will increase in the coming days. Percent R is at 12.98%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
