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 $47,739 were sold by Boughton Soleil on Oct 15 ’24. At $20.41 per share, Boughton Soleil sold 2,339 shares. The insider’s holdings dropped to 172,274 shares worth approximately $3.71 million following the completion of this transaction.
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Also, Becklund Irene sold 471 shares, netting a total of over 10,663 in proceeds. Following the sale of shares at $22.64 each, the insider now holds 5,116 shares.
Before that, Chi Michael had sold 75,493 shares from its account. In a trade valued at $1,660,846, the Chief Commercial Officer traded Hims & Hers Health Inc shares for $22.00 each. Upon closing the transaction, the insider’s holdings decreased to 75,493 shares, worth approximately $4.18 million.
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 20.78%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 142.25%. 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 $16.84, while a 200-day SMA reached $15.63. Nevertheless, trading volume fell to 7.31 million shares from 8.48 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 21.11, which, if violated, would cause prices to drop to 20.66. In the upper region, resistance lies at 22.15. The next price resistance is at 22.73. RSI (Relative Strength Index) is 64.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.80, which suggests the price will increase in the coming days. Percent R is at 21.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
