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Hims & Hers Health Inc (HIMS) Becoming More Attractive for Investors

In a filing, Hims & Hers Health Inc revealed its Officer Chi Michael acquired Company’s shares for reported $0.17 million on Oct 21 ’24. In the deal valued at $22.20 per share,7,500 shares were bought.

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Then, Boughton Soleil sold 2,339 shares, generating $47,739 in total proceeds. Upon selling the shares at $20.41, the Chief Legal Officer now owns 172,274 shares.

Before that, Becklund Irene sold 471 shares. Hims & Hers Health Inc shares valued at $10,663 were divested by the PAO at a price of $22.64 per share. As a result of the transaction, Becklund Irene now holds 5,116 shares, worth roughly $0.12 million.

Needham initiated its Hims & Hers Health Inc [HIMS] rating to a Buy in a research note published on August 22, 2024; the price target was $24. A number of analysts have revised their coverage, including Imperial Capital’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “an In-line”. Citigroup also remained covering HIMS and has decreased its forecast on May 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on April 16, 2024. It rated HIMS as “a Hold” which previously was an “a Buy”.

Price Performance Review of HIMS

On Monday, Hims & Hers Health Inc [NYSE:HIMS] saw its stock jump 4.06% to $23.05. Over the last five days, the stock has gained 12.44%. Hims & Hers Health Inc shares have risen nearly 158.99% since the year began. Nevertheless, the stocks have risen 280.99% over the past one year. While a 52-week high of $25.74 was reached on 06/18/24, a 52-week low of $5.65 was recorded on 01/05/24. SMA at 50 days reached $17.11, while 200 days put it at $15.77.

Levels Of Support And Resistance For HIMS Stock

The 24-hour chart illustrates a support level at 22.17, which if violated will result in even more drops to 21.29. On the upside, there is a resistance level at 23.62. A further resistance level may holdings at 24.19. The Relative Strength Index (RSI) on the 14-day chart is 68.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.58%. Stochastics %K at 87.27% indicates the stock is a selling.

How much short interest is there in Hims & Hers Health Inc?

A steep rise in short interest was recorded in Hims & Hers Health Inc stocks on 2024-09-30, dropping by -3.27 million shares to a total of 24.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 28.04 million shares. There was a decline of -13.21%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 10, 2024 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.

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