AdaptHealth Corp’s filing revealed that its Director Williams David Solomon III unloaded Company’s shares for reported $45040.0 on Aug 29 ’24. In the deal valued at $11.26 per share,4,000 shares were sold. As a result of this transaction, Williams David Solomon III now holds 36,899 shares worth roughly $0.4 million.
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Then, Williams David Solomon III sold 3,100 shares, generating $30,690 in total proceeds. Upon selling the shares at $9.90, the Director now owns 26,679 shares.
Before that, Williams David Solomon III sold 1,409 shares. AdaptHealth Corp shares valued at $14,048 were divested by the Director at a price of $9.97 per share. As a result of the transaction, Williams David Solomon III now holds 25,270 shares, worth roughly $0.27 million.
Jefferies downgraded its AdaptHealth Corp [AHCO] rating to a Hold from a a Buy in a research note published on January 08, 2024; the price target was decreased to $8 from $14.50. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underperform”. Stifel also remained covering AHCO and has decreased its forecast on May 10, 2023 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on May 10, 2023. It rated AHCO as “a Hold” which previously was an “a Buy”.
Price Performance Review of AHCO
On Tuesday, AdaptHealth Corp [NASDAQ:AHCO] saw its stock fall -1.00% to $10.88. Over the last five days, the stock has gained 3.13%. AdaptHealth Corp shares have risen nearly 49.25% since the year began. Nevertheless, the stocks have fallen -8.80% over the past one year. While a 52-week high of $12.24 was reached on 07/25/24, a 52-week low of $6.37 was recorded on 01/17/24. SMA at 50 days reached $10.39, while 200 days put it at $9.40.
Levels Of Support And Resistance For AHCO Stock
The 24-hour chart illustrates a support level at 10.74, which if violated will result in even more drops to 10.59. On the upside, there is a resistance level at 11.07. A further resistance level may holdings at 11.25. The Relative Strength Index (RSI) on the 14-day chart is 55.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.77%. Stochastics %K at 74.41% indicates the stock is a holding.
How much short interest is there in AdaptHealth Corp?
A steep rise in short interest was recorded in AdaptHealth Corp stocks on 2024-08-15, dropping by -1.39 million shares to a total of 7.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 8.92 million shares. There was a decline of -18.45%, which implies that there is a negative sentiment for the stock.
