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EHAB Stock Sees Decline of Approximately -3.43% in Last Five Days

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Enhabit Inc shares valued at $40,050 were purchased by Bolton Jeffrey on Aug 22 ’24. At $8.01 per share, Bolton Jeffrey acquired 5,000 shares. The insider’s holdings grew to 78,877 shares worth approximately $0.62 million following the completion of this transaction.

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Also, Bolton Jeffrey purchased 5,000 shares, netting a total of over 41,450 in proceeds. Following the buying of shares at $8.29 each, the insider now holds 73,877 shares.

Before that, Bolton Jeffrey had added 2,000 shares to its account. In a trade valued at $17,200, the Director bought Enhabit Inc shares for $8.60 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.54 million.

As published in a research note from Leerink Partners on May 14, 2024, Enhabit Inc [EHAB] has been rated up from an Underperform to a Market perform and the price target has been revised to $8.50. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of March 07, 2024, UBS has increased its “Sell” rating to a “Neutral” for EHAB. Earlier on December 12, 2023, TD Cowen initiated its rating. Their recommendation was “a Market perform” for EHAB stock.

Analyzing EHAB Stock Performance

During the last five days, there has been a drop of approximately -3.43%. Over the course of the year, Enhabit Inc shares have dropped approximately -23.86%. Shares of the company reached a 52-week high of $11.74 on 03/28/24 and a 52-week low of $7.28 on 09/05/24. A 50-day SMA is recorded $8.68, while a 200-day SMA reached $9.54. Nevertheless, trading volume fell to 0.62 million shares from 0.66 million shares the previous day.

Support And Resistance Levels for Enhabit Inc (EHAB)

According to the 24-hour chart, there is a support level at 7.80, which, if violated, would cause prices to drop to 7.73. In the upper region, resistance lies at 7.98. The next price resistance is at 8.08. RSI (Relative Strength Index) is 43.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 49.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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