In a filing, Select Medical Holdings Corporation revealed its EXECUTIVE CHAIRMAN ORTENZIO ROBERT A unloaded Company’s shares for reported $1.5 million on Apr 08 ’24. In the deal valued at $29.90 per share,50,000 shares were sold. As a result of this transaction, ORTENZIO ROBERT A now holds 6,689,668 shares worth roughly $221.83 million.
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Then, ORTENZIO ROBERT A sold 50,000 shares, generating $1,415,000 in total proceeds. Upon selling the shares at $28.30, the EXECUTIVE CHAIRMAN now owns 6,739,668 shares.
Before that, ORTENZIO ROBERT A sold 50,000 shares. Select Medical Holdings Corporation shares valued at $1,300,000 were divested by the EXECUTIVE CHAIRMAN at a price of $26.00 per share. As a result of the transaction, ORTENZIO ROBERT A now holds 6,789,668 shares, worth roughly $225.15 million.
A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who remained covering the stock and in mid May has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering SEM and has increased its forecast on February 26, 2021 with a “Buy” recommendation from previously “an Underperform” rating. BofA/Merrill revised its rating on June 16, 2020. It rated SEM as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of SEM
On Monday, Select Medical Holdings Corporation [NYSE:SEM] saw its stock fall -1.49% to $33.16. Over the last five days, the stock has lost -4.90%. Select Medical Holdings Corporation shares have risen nearly 41.11% since the year began. Nevertheless, the stocks have risen 35.62% over the past one year. While a 52-week high of $40.50 was reached on 07/31/24, a 52-week low of $21.28 was recorded on 01/03/24. SMA at 50 days reached $34.66, while 200 days put it at $31.32.
Levels Of Support And Resistance For SEM Stock
The 24-hour chart illustrates a support level at 32.93, which if violated will result in even more drops to 32.70. On the upside, there is a resistance level at 33.39. A further resistance level may holdings at 33.61. The Relative Strength Index (RSI) on the 14-day chart is 36.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.91%. Stochastics %K at 7.75% indicates the stock is a buying.
How much short interest is there in Select Medical Holdings Corporation?
A steep rise in short interest was recorded in Select Medical Holdings Corporation stocks on 2024-09-13, growing by 0.1 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.52 million shares. There was a rise of 3.88%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 17, 2019 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $22 price target.
