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Analyzing Humana Inc. (HUM) After Recent Trading Activity

Humana Inc.’s recently made public that its Director Mesquita Jorge S. acquired Company’s shares for reported $0.2 million on Feb 20 ’24. In the deal valued at $367.09 per share,545 shares were bought. As a result of this transaction, Mesquita Jorge S. now holds 2,578 shares worth roughly $0.72 million.

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Piper Sandler initiated its Humana Inc. [HUM] rating to an Overweight in a research note published on June 26, 2024; the price target was $392. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late June with a ‘”an Equal-weight”‘ rating. BofA Securities also remained covering HUM and has decreased its forecast on April 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on April 02, 2024. It rated HUM as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HUM

On Tuesday, Humana Inc. [NYSE:HUM] saw its stock fall -11.77% to $279.45. Over the last five days, the stock has lost -10.50%. Humana Inc. shares have fallen nearly -38.96% since the year began. Nevertheless, the stocks have fallen -42.56% over the past one year. While a 52-week high of $530.54 was reached on 01/03/24, a 52-week low of $298.61 was recorded on 10/01/24. SMA at 50 days reached $347.07, while 200 days put it at $362.41.

Levels Of Support And Resistance For HUM Stock

The 24-hour chart illustrates a support level at 265.70, which if violated will result in even more drops to 251.94. On the upside, there is a resistance level at 304.30. A further resistance level may holdings at 329.15. The Relative Strength Index (RSI) on the 14-day chart is 21.55, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.10%. Stochastics %K at 23.03% indicates the stock is a holding.

How much short interest is there in Humana Inc.?

A steep rise in short interest was recorded in Humana Inc. stocks on 2024-09-13, dropping by 12358.0 shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.25 million shares. There was a decline of -0.55%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 22, 2024 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating .

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