Chemed Corp.’s recently made public that its Director LINDELL ANDREA R unloaded Company’s shares for reported $0.47 million on Aug 16 ’24. In the deal valued at $571.51 per share,831 shares were sold. As a result of this transaction, LINDELL ANDREA R now holds 5,725 shares worth roughly $3.36 million.
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Then, WALSH GEORGE J III sold 200 shares, generating $115,590 in total proceeds. Upon selling the shares at $577.95, the Director now owns 3,446 shares.
Before that, LEE SPENCER S sold 1,016 shares. Chemed Corp. shares valued at $589,768 were divested by the executive vice president at a price of $580.48 per share. As a result of the transaction, LEE SPENCER S now holds 18,611 shares, worth roughly $10.91 million.
RBC Capital Mkts upgraded its Chemed Corp. [CHE] rating to an Outperform from a a Sector perform in a research note published on March 11, 2020; the price target was increased to $535 from $448. A number of analysts have revised their coverage, including JMP Securities’s analysts, who increased its forecast for the stock in early November from “a Mkt perform” to “a Mkt outperform”. BofA/Merrill also remained covering CHE and reiterated its “Buy” recommendation on September 06, 2019. BofA/Merrill started covering the stock on October 12, 2018. It rated CHE as “a Buy”.
Price Performance Review of CHE
On Friday, Chemed Corp. [NYSE:CHE] saw its stock jump 1.06% to $586.17. Over the last five days, the stock has gained 2.41%. Chemed Corp. shares have risen nearly 0.24% since the year began. Nevertheless, the stocks have risen 14.01% over the past one year. While a 52-week high of $654.62 was reached on 03/15/24, a 52-week low of $492.84 was recorded on 07/10/24. SMA at 50 days reached $557.54, while 200 days put it at $581.60.
Levels Of Support And Resistance For CHE Stock
The 24-hour chart illustrates a support level at 580.69, which if violated will result in even more drops to 575.21. On the upside, there is a resistance level at 588.93. A further resistance level may holdings at 591.70. The Relative Strength Index (RSI) on the 14-day chart is 62.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.26%. Stochastics %K at 70.86% indicates the stock is a holding.
How much short interest is there in Chemed Corp.?
A steep rise in short interest was recorded in Chemed Corp. stocks on 2024-08-15, dropping by 45452.0 shares to a total of 0.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.3 million shares. There was a decline of -18.2%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 28, 2017 when KeyBanc Capital Mkts began covering the stock and recommended ‘”a Sector weight”‘ rating .
