Evolent Health Inc’s recently made public that its PRESIDENT McCarthy Daniel Joseph unloaded Company’s shares for reported $0.73 million on Aug 22 ’24. In the deal valued at $30.89 per share,23,693 shares were sold. As a result of this transaction, McCarthy Daniel Joseph now holds 198,809 shares worth roughly $4.76 million.
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Then, McCarthy Daniel Joseph sold 10,469 shares, generating $339,008 in total proceeds. Upon selling the shares at $32.38, the PRESIDENT now owns 188,340 shares.
Before that, Weinberg Jonathan sold 42,140 shares. Evolent Health Inc shares valued at $1,314,706 were divested by the General Counsel at a price of $31.20 per share. As a result of the transaction, Weinberg Jonathan now holds 167,027 shares, worth roughly $4.0 million.
KeyBanc Capital Markets initiated its Evolent Health Inc [EVH] rating to an Overweight in a research note published on October 11, 2024; the price target was $35. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. Citigroup began covering EVH with “Buy” recommendation on April 22, 2024. Oppenheimer started covering the stock on March 01, 2024. It rated EVH as “an Outperform”.
Price Performance Review of EVH
On Friday, Evolent Health Inc [NYSE:EVH] saw its stock fall -4.09% to $23.94. Over the last five days, the stock has lost -11.53%. Evolent Health Inc shares have fallen nearly -27.52% since the year began. Nevertheless, the stocks have fallen -13.42% over the past one year. While a 52-week high of $35.00 was reached on 03/04/24, a 52-week low of $17.98 was recorded on 07/01/24. SMA at 50 days reached $28.66, while 200 days put it at $27.53.
Levels Of Support And Resistance For EVH Stock
The 24-hour chart illustrates a support level at 23.42, which if violated will result in even more drops to 22.89. On the upside, there is a resistance level at 24.86. A further resistance level may holdings at 25.77. The Relative Strength Index (RSI) on the 14-day chart is 29.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.14%. Stochastics %K at 13.69% indicates the stock is a buying.
How much short interest is there in Evolent Health Inc?
A steep rise in short interest was recorded in Evolent Health Inc stocks on 2024-09-30, dropping by -2.07 million shares to a total of 12.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 14.61 million shares. There was a decline of -16.53%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 03, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $39 price target.
