Elevance Health Inc’s recent filing unveils that its Director PERU RAMIRO G unloaded Company’s shares for reported $0.4 million on Aug 05 ’24. In the deal valued at $531.52 per share,753 shares were sold. As a result of this transaction, PERU RAMIRO G now holds 8,744 shares worth roughly $4.3 million.
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Then, RAMIRO G PERU bought 753 shares, generating $400,235 in total proceeds.
Before that, BOUDREAUX GAIL sold 34,000 shares. Elevance Health Inc shares valued at $17,033,395 were divested by the President and CEO at a price of $500.98 per share. As a result of the transaction, BOUDREAUX GAIL now holds 126,709 shares, worth roughly $62.34 million.
BofA Securities downgraded its Elevance Health Inc [ELV] rating to a Neutral from a a Buy in a research note published on July 18, 2024; the price target was decreased to $530 from $646. 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 Overweight”‘ rating. Robert W. Baird began covering ELV with “an Outperform” recommendation on May 30, 2024. Barclays started covering the stock on March 06, 2024. It rated ELV as “an Overweight”.
Price Performance Review of ELV
On Monday, Elevance Health Inc [NYSE:ELV] saw its stock fall -0.01% to $492.02. Over the last five days, the stock has lost -5.38%. Elevance Health Inc shares have risen nearly 4.34% since the year began. Nevertheless, the stocks have risen 10.85% over the past one year. While a 52-week high of $567.26 was reached on 09/03/24, a 52-week low of $435.31 was recorded on 01/18/24. SMA at 50 days reached $534.57, while 200 days put it at $517.95.
Levels Of Support And Resistance For ELV Stock
The 24-hour chart illustrates a support level at 487.94, which if violated will result in even more drops to 483.87. On the upside, there is a resistance level at 494.84. A further resistance level may holdings at 497.66. The Relative Strength Index (RSI) on the 14-day chart is 21.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -24.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.79%. Stochastics %K at 7.13% indicates the stock is a buying.
How much short interest is there in Elevance Health Inc?
A steep rise in short interest was recorded in Elevance Health Inc stocks on 2024-09-13, growing by 0.53 million shares to a total of 2.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.67 million shares. There was a rise of 24.19%, which implies that there is a positive sentiment for the stock.
