In a filing, Encompass Health Corp revealed its EVP & Chief Financial Officer COLTHARP DOUGLAS E unloaded Company’s shares for reported $1.06 million on Aug 13 ’24. In the deal valued at $86.34 per share,12,260 shares were sold. As a result of this transaction, COLTHARP DOUGLAS E now holds 136,227 shares worth roughly $ 12.45 million.
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Then, Douglas Coltharp bought 12,260 shares, generating $1,058,520 in total proceeds.
Before that, Charbonneau Elissa Joy sold 10,000 shares. Encompass Health Corp shares valued at $850,200 were divested by the Chief Medical Officer at a price of $85.02 per share. As a result of the transaction, Charbonneau Elissa Joy now holds 18,594 shares, worth roughly $1.7 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 Monday, Encompass Health Corp [NYSE:EHC] saw its stock fall -0.32% to $91.37. Over the last five days, the stock has lost -1.81%. Encompass Health Corp shares have risen nearly 36.95% since the year began. Nevertheless, the stocks have risen 30.72% 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 $88.62, while 200 days put it at $79.41.
Levels Of Support And Resistance For EHC Stock
The 24-hour chart illustrates a support level at 90.75, which if violated will result in even more drops to 90.12. On the upside, there is a resistance level at 92.11. A further resistance level may holdings at 92.84. The Relative Strength Index (RSI) on the 14-day chart is 54.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.19%. Stochastics %K at 68.20% indicates the stock is a holding.
How much short interest is there in Encompass Health Corp?
A steep rise in short interest was recorded in Encompass Health Corp stocks on 2024-08-15, dropping by -0.31 million shares to a total of 1.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.84 million shares. There was a decline of -20.39%, which implies that there is a negative sentiment for the stock.
