Envista Holdings Corp’s recent filing unveils that its Chief Executive Officer Keel Paul A acquired Company’s shares for reported $0.51 million on Aug 13 ’24. In the deal valued at $16.87 per share,30,000 shares were bought. As a result of this transaction, Keel Paul A now holds 402,605 shares worth roughly $7.65 million.
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Then, Hammes Eric D. bought 24,532 shares, generating $400,608 in total proceeds. Upon buying the shares at $16.33, the Chief Financial Officer now owns 24,532 shares.
Before that, Conley Eric bought 12,798 shares. Envista Holdings Corp shares valued at $204,831 were divested by the Former Officer at a price of $16.00 per share.
JP Morgan downgraded its Envista Holdings Corp [NVST] rating to a Neutral from a an Overweight in a research note published on August 08, 2024; the price target was decreased to $16 from $23. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “an Equal-weight”. Leerink Partners began covering NVST with “an Underperform” recommendation on February 26, 2024. Jefferies revised its rating on February 09, 2024. It rated NVST as “a Hold” which previously was an “a Buy”.
Price Performance Review of NVST
On Friday, Envista Holdings Corp [NYSE:NVST] saw its stock fall -1.71% to $19.00. Over the last five days, the stock has lost -2.11%. Envista Holdings Corp shares have fallen nearly -21.03% since the year began. Nevertheless, the stocks have fallen -32.62% over the past one year. While a 52-week high of $29.04 was reached on 01/10/24, a 52-week low of $15.15 was recorded on 08/08/24. SMA at 50 days reached $17.38, while 200 days put it at $20.01.
Levels Of Support And Resistance For NVST Stock
The 24-hour chart illustrates a support level at 18.79, which if violated will result in even more drops to 18.57. On the upside, there is a resistance level at 19.24. A further resistance level may holdings at 19.47. The Relative Strength Index (RSI) on the 14-day chart is 58.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.93%. Stochastics %K at 77.90% indicates the stock is a holding.
How much short interest is there in Envista Holdings Corp?
A steep rise in short interest was recorded in Envista Holdings Corp stocks on 2024-08-30, growing by 4.51 million shares to a total of 15.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 11.17 million shares. There was a rise of 28.76%, which implies that there is a positive sentiment for the stock.
