Community Health Systems, Inc.’s recently made public that its Director SMITH WAYNE T acquired Company’s shares for reported $2.11 million on Oct 31 ’23. In the deal valued at $2.11 per share,1,000,000 shares were bought. As a result of this transaction, SMITH WAYNE T now holds 5,107,901 shares worth roughly $28.04 million.
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Barclays initiated its Community Health Systems, Inc. [CYH] rating to an Equal weight in a research note published on March 06, 2024; the price target was $3. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid June with a ‘”a Hold”‘ rating. BofA Securities also remained covering CYH and has decreased its forecast on June 15, 2022 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on March 29, 2022. It rated CYH as “an Equal weight”.
Price Performance Review of CYH
On Tuesday, Community Health Systems, Inc. [NYSE:CYH] saw its stock fall -4.52% to $5.49. Over the last five days, the stock has lost -2.49%. Community Health Systems, Inc. shares have risen nearly 75.40% since the year began. Nevertheless, the stocks have risen 117.86% over the past one year. While a 52-week high of $6.29 was reached on 09/25/24, a 52-week low of $2.01 was recorded on 02/22/24. SMA at 50 days reached $5.53, while 200 days put it at $4.04.
Levels Of Support And Resistance For CYH Stock
The 24-hour chart illustrates a support level at 5.37, which if violated will result in even more drops to 5.25. On the upside, there is a resistance level at 5.71. A further resistance level may holdings at 5.93. The Relative Strength Index (RSI) on the 14-day chart is 46.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.77%. Stochastics %K at 60.10% indicates the stock is a holding.
How much short interest is there in Community Health Systems, Inc.?
A steep rise in short interest was recorded in Community Health Systems, Inc. stocks on 2024-09-30, dropping by -1.26 million shares to a total of 6.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.14 million shares. There was a decline of -18.37%, which implies that there is a negative sentiment for the stock.
