AdaptHealth Corp’s recently made public that its Former Chief Operating Officer Rietkerk Shaw unloaded Company’s shares for reported $0.28 million on Sep 20 ’24. In the deal valued at $11.24 per share,25,000 shares were sold. As a result of this transaction, Rietkerk Shaw now holds 212,611 shares worth roughly $2.15 million.
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Then, Rietkerk Shaw bought 25,000 shares, generating $281,040 in total proceeds.
Before that, Richard A. Barasch bought 40,022 shares. AdaptHealth Corp shares valued at $459,452 were divested by the Former Affiliate at a price of $11.48 per share.
Jefferies downgraded its AdaptHealth Corp [AHCO] rating to a Hold from a a Buy in a research note published on January 08, 2024; the price target was decreased to $8 from $14.50. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underperform”. Stifel also remained covering AHCO and has decreased its forecast on May 10, 2023 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on May 10, 2023. It rated AHCO as “a Hold” which previously was an “a Buy”.
Price Performance Review of AHCO
On Friday, AdaptHealth Corp [NASDAQ:AHCO] saw its stock jump 1.10% to $10.09. Over the last five days, the stock has lost -3.35%. AdaptHealth Corp shares have risen nearly 38.41% since the year began. Nevertheless, the stocks have risen 33.91% over the past one year. While a 52-week high of $11.90 was reached on 07/25/24, a 52-week low of $6.37 was recorded on 01/17/24. SMA at 50 days reached $10.57, while 200 days put it at $9.77.
Levels Of Support And Resistance For AHCO Stock
The 24-hour chart illustrates a support level at 9.92, which if violated will result in even more drops to 9.74. On the upside, there is a resistance level at 10.21. A further resistance level may holdings at 10.32. The Relative Strength Index (RSI) on the 14-day chart is 40.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.88%. Stochastics %K at 12.17% indicates the stock is a buying.
How much short interest is there in AdaptHealth Corp?
A steep rise in short interest was recorded in AdaptHealth Corp stocks on 2024-09-30, growing by 2.29 million shares to a total of 10.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.0 million shares. There was a rise of 22.28%, which implies that there is a positive sentiment for the stock.
