Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Universal Health Services, Inc. shares valued at $375,534 were sold by SUSSMAN ELLIOT J MD MBA on Aug 13 ’24. At $218.08 per share, SUSSMAN ELLIOT J MD MBA sold 1,722 shares. The insider’s holdings dropped to 5,048 shares worth approximately $1.13 million following the completion of this transaction.
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Also, Nimetz Warren J. sold 3,444 shares, netting a total of over 749,552 in proceeds. Following the sale of shares at $217.64 each, the insider now holds 3,971 shares.
Before that, ELLIOT SUSSMAN had added 1,722 shares to its account. In a trade valued at $375,534, the Director bought Universal Health Services, Inc. shares for $218.08 each.
As published in a research note from TD Cowen on October 16, 2024, Universal Health Services, Inc. [UHS] has been rated up from a Hold to a Buy and the price target has been revised to $283 from $220. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in mid October. As of July 26, 2024, Cantor Fitzgerald has increased its “an Underweight” rating to a “Neutral” for UHS. Earlier on July 26, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for UHS stock which previously was a “an Equal weight”.
Analyzing UHS Stock Performance
During the last five days, there has been a drop of approximately -4.06%. Over the course of the year, Universal Health Services, Inc. shares have jumped approximately 47.38%. Shares of the company reached a 52-week high of $243.25 on 09/24/24 and a 52-week low of $150.11 on 01/24/24. A 50-day SMA is recorded $229.73, while a 200-day SMA reached $190.57. Nevertheless, trading volume fell to 1.34 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Universal Health Services, Inc. (UHS)
According to the 24-hour chart, there is a support level at 220.80, which, if violated, would cause prices to drop to 216.95. In the upper region, resistance lies at 231.45. The next price resistance is at 238.25. RSI (Relative Strength Index) is 46.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.89, which suggests the price will increase in the coming days. Percent R is at 48.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
