The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ensign Group Inc shares valued at $152,450 were sold by Abbott Swati Bargotra on Sep 13 ’24. At $152.45 per share, Abbott Swati Bargotra sold 1,000 shares. The insider’s holdings dropped to 16,067 shares worth approximately $2.39 million following the completion of this transaction.
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Also, Abbott Swati Bargotra purchased 1,000 shares, netting a total of over 152,450 in proceeds.
Before that, Port Barry had sold 5,618 shares from its account. In a trade valued at $842,700, the Chief Executive Officer traded Ensign Group Inc shares for $150.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,618 shares, worth approximately $8.0 million.
As published in their initiating research note from Macquarie on June 28, 2024, Ensign Group Inc [ENSG] has been an Outperform and the price target has been revised to $134. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. Earlier on November 11, 2020, Stephens upgraded its rating. Their new recommendation was “an Overweight” for ENSG stock which previously was a “an Equal-weight”.
Analyzing ENSG Stock Performance
During the last five days, there has been a drop of approximately -0.13%. Over the course of the year, Ensign Group Inc shares have jumped approximately 32.65%. Shares of the company reached a 52-week high of $154.93 on 09/17/24 and a 52-week low of $110.71 on 02/02/24. A 50-day SMA is recorded $148.17, while a 200-day SMA reached $129.53. Nevertheless, trading volume fell to 0.76 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for Ensign Group Inc (ENSG)
According to the 24-hour chart, there is a support level at 147.66, which, if violated, would cause prices to drop to 146.47. In the upper region, resistance lies at 150.20. The next price resistance is at 151.55. RSI (Relative Strength Index) is 53.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 35.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
