Elevance Health Inc’s recent filing unveils that its EVP & President, Commercial Kendrick Charles Morgan JR unloaded Company’s shares for reported $3.21 million on Oct 18 ’24. In the deal valued at $432.14 per share,7,417 shares were sold. As a result of this transaction, Kendrick Charles Morgan JR now holds 8,423 shares worth roughly $3.56 million.
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Then, Kendrick Charles Morgan JR bought 7,417 shares, generating $3,206,221 in total proceeds.
Before that, PERU RAMIRO G sold 753 shares. Elevance Health Inc shares valued at $400,235 were divested by the Director at a price of $531.52 per share. As a result of the transaction, PERU RAMIRO G now holds 8,744 shares, worth roughly $3.69 million.
Argus downgraded its Elevance Health Inc [ELV] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Morgan Stanley began covering ELV with “an Overweight” recommendation on June 24, 2024. Robert W. Baird started covering the stock on May 30, 2024. It rated ELV as “an Outperform”.
Price Performance Review of ELV
On Monday, Elevance Health Inc [NYSE:ELV] saw its stock fall -1.98% to $422.26. Over the last five days, the stock has lost -17.04%. Elevance Health Inc shares have fallen nearly -10.45% since the year began. Nevertheless, the stocks have fallen -8.85% over the past one year. While a 52-week high of $567.26 was reached on 09/03/24, a 52-week low of $397.98 was recorded on 10/17/24. SMA at 50 days reached $524.01, while 200 days put it at $518.23.
Levels Of Support And Resistance For ELV Stock
The 24-hour chart illustrates a support level at 416.81, which if violated will result in even more drops to 411.36. On the upside, there is a resistance level at 431.66. A further resistance level may holdings at 441.06. The Relative Strength Index (RSI) on the 14-day chart is 21.47, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -49.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.37%. Stochastics %K at 28.04% indicates the stock is a holding.
How much short interest is there in Elevance Health Inc?
A steep rise in short interest was recorded in Elevance Health Inc stocks on 2024-09-30, growing by 0.64 million shares to a total of 2.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.78 million shares. There was a rise of 26.48%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 06, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $584 price target.
