Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AdaptHealth Corp shares valued at $281,000 were sold by Rietkerk Shaw on Sep 20 ’24. At $11.24 per share, Rietkerk Shaw sold 25,000 shares. The insider’s holdings dropped to 212,611 shares worth approximately $2.25 million following the completion of this transaction.
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Also, Rietkerk Shaw purchased 25,000 shares, netting a total of over 281,040 in proceeds.
Before that, Richard A. Barasch had added 40,022 shares to its account. In a trade valued at $459,452, the Former Affiliate bought AdaptHealth Corp shares for $11.48 each.
As published in a research note from Jefferies on January 08, 2024, AdaptHealth Corp [AHCO] has been rated down from a Buy to a Hold and the price target has been revised to $8 from $14.50. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early November. As of May 10, 2023, Stifel has decreased its “Buy” rating to a “Hold” for AHCO. Earlier on May 10, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for AHCO stock which previously was a “a Buy”.
Analyzing AHCO Stock Performance
During the last five days, there has been a drop of approximately -2.49%. Over the course of the year, AdaptHealth Corp shares have jumped approximately 44.86%. Shares of the company reached a 52-week high of $11.90 on 07/25/24 and a 52-week low of $6.46 on 01/17/24. A 50-day SMA is recorded $10.74, while a 200-day SMA reached $9.93. Nevertheless, trading volume fell to 0.55 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for AdaptHealth Corp (AHCO)
According to the 24-hour chart, there is a support level at 10.36, which, if violated, would cause prices to drop to 10.15. In the upper region, resistance lies at 10.77. The next price resistance is at 10.97. RSI (Relative Strength Index) is 48.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 40.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
