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The Attractiveness of Investing In Henry Schein Inc. (HSIC) is Growing

Henry Schein Inc.’s filing revealed that its SVP, Chief Human Res. Officer McGlynn Lorelei unloaded Company’s shares for reported $1.46 million on Sep 06 ’24. In the deal valued at $69.30 per share,21,035 shares were sold. As a result of this transaction, McGlynn Lorelei now holds 71,833 shares worth roughly $4.98 million.

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Then, McGlynn Lorelei bought 21,035 shares, generating $1,470,998 in total proceeds.

Before that, MLOTEK MARK E sold 3,000 shares. Henry Schein Inc. shares valued at $207,360 were divested by the EVP, Chief Strategic Officer at a price of $69.12 per share. As a result of the transaction, MLOTEK MARK E now holds 87,851 shares, worth roughly $6.09 million.

Robert W. Baird upgraded its Henry Schein Inc. [HSIC] rating to an Outperform from a a Neutral in a research note published on July 22, 2024; the price target was increased to $92 from $81. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”a Market perform”‘ rating. JP Morgan also remained covering HSIC and has increased its forecast on December 12, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Stifel revised its rating on November 10, 2023. It rated HSIC as “a Buy” which previously was an “a Hold”.

Price Performance Review of HSIC

On Monday, Henry Schein Inc. [NASDAQ:HSIC] saw its stock fall -1.79% to $69.30. Over the last five days, the stock has lost -4.94%. Henry Schein Inc. shares have fallen nearly -8.47% since the year began. Nevertheless, the stocks have fallen -5.92% over the past one year. While a 52-week high of $82.63 was reached on 02/27/24, a 52-week low of $60.01 was recorded on 08/06/24. SMA at 50 days reached $70.12, while 200 days put it at $71.64.

Levels Of Support And Resistance For HSIC Stock

The 24-hour chart illustrates a support level at 68.77, which if violated will result in even more drops to 68.24. On the upside, there is a resistance level at 70.26. A further resistance level may holdings at 71.22. The Relative Strength Index (RSI) on the 14-day chart is 44.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.67%. Stochastics %K at 23.09% indicates the stock is a holding.

How much short interest is there in Henry Schein Inc.?

A steep rise in short interest was recorded in Henry Schein Inc. stocks on 2024-09-13, growing by 1.07 million shares to a total of 6.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.2 million shares. There was a rise of 17.03%, which implies that there is a positive sentiment for the stock.

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