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 $1,149,625 were sold by Baird Melissa on Oct 07 ’24. At $19.57 per share, Baird Melissa sold 58,750 shares. The insider’s holdings dropped to 630,166 shares worth approximately $11.25 million following the completion of this transaction.
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Also, Okupe Oluyemi sold 9,868 shares, netting a total of over 196,992 in proceeds. Following the sale of shares at $19.96 each, the insider now holds 195,988 shares.
Before that, Melissa Baird had added 58,750 shares to its account. In a trade valued at $1,142,100, the Officer bought Hims & Hers Health Inc shares for $19.44 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 4.20%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 100.56%. 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 $16.46, while a 200-day SMA reached $15.33. Nevertheless, trading volume fell to 11.32 million shares from 8.67 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 17.51, which, if violated, would cause prices to drop to 17.17. In the upper region, resistance lies at 18.21. The next price resistance is at 18.57. RSI (Relative Strength Index) is 52.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 54.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
