Enhabit Inc’s filing revealed that its Director Bolton Jeffrey acquired Company’s shares for reported $40050.0 on Aug 22 ’24. In the deal valued at $8.01 per share,5,000 shares were bought. As a result of this transaction, Bolton Jeffrey now holds 78,877 shares worth roughly $0.59 million.
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Then, Bolton Jeffrey bought 5,000 shares, generating $41,450 in total proceeds. Upon buying the shares at $8.29, the Director now owns 73,877 shares.
Before that, Bolton Jeffrey bought 2,000 shares. Enhabit Inc shares valued at $17,200 were divested by the Director at a price of $8.60 per share. As a result of the transaction, Bolton Jeffrey now holds 68,877 shares, worth roughly $0.52 million.
Leerink Partners upgraded its Enhabit Inc [EHAB] rating to a Market perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. UBS also remained covering EHAB and has increased its forecast on March 07, 2024 with a “Neutral” recommendation from previously “Sell” rating. TD Cowen started covering the stock on December 12, 2023. It rated EHAB as “a Market perform”.
Price Performance Review of EHAB
On Tuesday, Enhabit Inc [NYSE:EHAB] saw its stock fall -5.30% to $7.50. Over the last five days, the stock has lost -7.18%. Enhabit Inc shares have fallen nearly -27.54% since the year began. Nevertheless, the stocks have fallen -39.86% over the past one year. While a 52-week high of $12.99 was reached on 03/28/24, a 52-week low of $7.12 was recorded on 09/05/24. SMA at 50 days reached $8.89, while 200 days put it at $9.68.
Levels Of Support And Resistance For EHAB Stock
The 24-hour chart illustrates a support level at 7.34, which if violated will result in even more drops to 7.18. On the upside, there is a resistance level at 7.82. A further resistance level may holdings at 8.14. The Relative Strength Index (RSI) on the 14-day chart is 35.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.33%. Stochastics %K at 37.12% indicates the stock is a holding.
How much short interest is there in Enhabit Inc?
A steep rise in short interest was recorded in Enhabit Inc stocks on 2024-08-15, dropping by -0.17 million shares to a total of 3.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.23 million shares. There was a decline of -5.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 20, 2023 when SVB Securities began covering the stock and recommended ‘”an Underperform”‘ rating along with a $10 price target.
