The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Henry Schein Inc. shares valued at $1,457,726 were sold by McGlynn Lorelei on Sep 06 ’24. At $69.30 per share, McGlynn Lorelei sold 21,035 shares. The insider’s holdings dropped to 71,833 shares worth approximately $5.15 million following the completion of this transaction.
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Also, McGlynn Lorelei purchased 21,035 shares, netting a total of over 1,470,998 in proceeds.
Before that, MLOTEK MARK E had sold 3,000 shares from its account. In a trade valued at $207,360, the EVP, Chief Strategic Officer traded Henry Schein Inc. shares for $69.12 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $6.3 million.
As published in a research note from Robert W. Baird on July 22, 2024, Henry Schein Inc. [HSIC] has been rated up from a Neutral to an Outperform and the price target has been revised to $92 from $81. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of December 12, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for HSIC. Earlier on November 10, 2023, Stifel upgraded its rating. Their new recommendation was “a Buy” for HSIC stock which previously was a “a Hold”.
Analyzing HSIC Stock Performance
During the last five days, there has been a surge of approximately 2.33%. Over the course of the year, Henry Schein Inc. shares have dropped approximately -5.34%. Shares of the company reached a 52-week high of $82.63 on 02/27/24 and a 52-week low of $63.67 on 08/06/24. A 50-day SMA is recorded $70.28, while a 200-day SMA reached $71.46. Nevertheless, trading volume fell to 0.72 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Henry Schein Inc. (HSIC)
According to the 24-hour chart, there is a support level at 71.11, which, if violated, would cause prices to drop to 70.56. In the upper region, resistance lies at 72.22. The next price resistance is at 72.77. RSI (Relative Strength Index) is 55.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.57, which suggests the price will decrease in the coming days. Percent R is at 40.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
