Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pediatrix Medical Group Inc shares valued at $119,769 were sold by Swift James D on Aug 30 ’24. At $10.79 per share, Swift James D sold 11,100 shares. The insider’s holdings dropped to 170,001 shares worth approximately $2.15 million following the completion of this transaction.
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Also, Swift James D purchased 11,100 shares, netting a total of over 119,756 in proceeds.
Before that, Linynsky Laura A had sold 7,000 shares from its account. In a trade valued at $78,120, the Director traded Pediatrix Medical Group Inc shares for $11.16 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $0.39 million.
As published in a research note from Jefferies on September 26, 2024, Pediatrix Medical Group Inc [MD] has been rated up from a Hold to a Buy and the price target has been revised to $14 from $8. Analysts at Deutsche Bank upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in early June. As of September 27, 2021, SVB Leerink has initiated its “Mkt perform” rating for MD.
Analyzing MD Stock Performance
During the last five days, there has been a surge of approximately 6.93%. Over the course of the year, Pediatrix Medical Group Inc shares have jumped approximately 36.13%. Shares of the company reached a 52-week high of $12.74 on 10/16/24 and a 52-week low of $6.62 on 07/09/24. A 50-day SMA is recorded $11.01, while a 200-day SMA reached $9.19. Nevertheless, trading volume fell to 1.58 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for Pediatrix Medical Group Inc (MD)
According to the 24-hour chart, there is a support level at 12.45, which, if violated, would cause prices to drop to 12.24. In the upper region, resistance lies at 12.81. The next price resistance is at 12.95. RSI (Relative Strength Index) is 73.68 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 4.99%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
