Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hims & Hers Health Inc shares valued at $212,356 were sold by Okupe Oluyemi on Sep 20 ’24. At $16.79 per share, Okupe Oluyemi sold 12,651 shares. The insider’s holdings dropped to 211,000 shares worth approximately $3.74 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Dudum Andrew sold 45,767 shares, netting a total of over 747,434 in proceeds. Following the sale of shares at $16.33 each, the insider now holds 67,015 shares.
Before that, Andrew Dudum had added 687,498 shares to its account. In a trade valued at $11,632,466, the Officer bought Hims & Hers Health Inc shares for $16.92 each.
As published in their initiating research note from Needham on August 22, 2024, Hims & Hers Health Inc [HIMS] has been a Buy and the price target has been revised to $24. Analysts at Imperial Capital downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early August. As of May 22, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for HIMS. Earlier on April 16, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for HIMS stock which previously was a “a Buy”.
Analyzing HIMS Stock Performance
During the last five days, there has been a surge of approximately 4.67%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 98.99%. Shares of the company reached a 52-week high of $25.74 on 06/18/24 and a 52-week low of $8.09 on 01/05/24. A 50-day SMA is recorded $17.07, while a 200-day SMA reached $14.84. Nevertheless, trading volume fell to 5.48 million shares from 4.01 million shares the previous day.
Support And Resistance Levels for Hims & Hers Health Inc (HIMS)
According to the 24-hour chart, there is a support level at 17.28, which, if violated, would cause prices to drop to 16.85. In the upper region, resistance lies at 18.11. The next price resistance is at 18.51. RSI (Relative Strength Index) is 61.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 8.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
