Pediatrix Medical Group Inc’s recent filing unveils that its EVP, Chief Financial Officer Richards C Marc unloaded Company’s shares for reported $0.33 million on Aug 09 ’24. In the deal valued at $10.08 per share,32,562 shares were sold. As a result of this transaction, Richards C Marc now holds 192,785 shares worth roughly $2.01 million.
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Then, Richards C Marc sold 17,438 shares, generating $175,775 in total proceeds. Upon selling the shares at $10.08, the EVP, Chief Financial Officer now owns 175,347 shares.
Before that, Wood Lee bought 47,230 shares. Pediatrix Medical Group Inc shares valued at $484,158 were divested by the Former Officer at a price of $10.25 per share.
Deutsche Bank upgraded its Pediatrix Medical Group Inc [MD] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including SVB Leerink’s analysts, who began to cover the stock in late September with a ‘”a Mkt perform”‘ rating. Deutsche Bank revised its rating on October 19, 2020. It rated MD as “a Sell” which previously was an “a Hold”.
Price Performance Review of MD
On Friday, Pediatrix Medical Group Inc [NYSE:MD] saw its stock jump 1.07% to $10.41. Over the last five days, the stock has gained 3.89%. Pediatrix Medical Group Inc shares have risen nearly 11.94% since the year began. Nevertheless, the stocks have fallen -28.55% over the past one year. While a 52-week high of $15.00 was reached on 08/16/24, a 52-week low of $6.62 was recorded on 07/09/24. SMA at 50 days reached $7.93, while 200 days put it at $8.79.
Levels Of Support And Resistance For MD Stock
The 24-hour chart illustrates a support level at 10.24, which if violated will result in even more drops to 10.08. On the upside, there is a resistance level at 10.52. A further resistance level may holdings at 10.63. The Relative Strength Index (RSI) on the 14-day chart is 74.46, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.84%. Stochastics%K at 93.90% indicates the stock is a selling.
How much short interest is there in Pediatrix Medical Group Inc?
A steep rise in short interest was recorded in Pediatrix Medical Group Inc stocks on 2024-07-31, growing by 0.34 million shares to a total of 5.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.44 million shares. There was a rise of 5.91%, which implies that there is a positive sentiment for the stock.
