Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hims & Hers Health Inc shares valued at $166,500 were sold by Chi Michael on Oct 21 ’24. At $22.20 per share, Chi Michael sold 7,500 shares. The insider’s holdings dropped to 193,980 shares worth approximately $4.17 million following the completion of this transaction.
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Also, Chi Michael purchased 7,500 shares, netting a total of over 166,500 in proceeds.
Before that, Boughton Soleil had sold 2,339 shares from its account. In a trade valued at $47,739, the Chief Legal Officer traded Hims & Hers Health Inc shares for $20.41 each. Upon closing the transaction, the insider’s holdings decreased to 2,339 shares, worth approximately $3.71 million.
As published in their initiating research note from Needham on August 22, 2024, Hims & Hers Health Inc [HIMS] has been a Buy and the price target has been revised to $24. Analysts at Imperial Capital downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early August. As of May 22, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for HIMS. Earlier on April 16, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for HIMS stock which previously was a “a Buy”.
Analyzing HIMS Stock Performance
During the last five days, there has been a drop of approximately -0.19%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 141.80%. Shares of the company reached a 52-week high of $25.74 on 06/18/24 and a 52-week low of $8.09 on 01/05/24. A 50-day SMA is recorded $17.49, while a 200-day SMA reached $15.97. Nevertheless, trading volume fell to 5.93 million shares from 11.67 million shares the previous day.
Support And Resistance Levels for Hims & Hers Health Inc (HIMS)
According to the 24-hour chart, there is a support level at 21.13, which, if violated, would cause prices to drop to 20.74. In the upper region, resistance lies at 21.94. The next price resistance is at 22.36. RSI (Relative Strength Index) is 58.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.28, which suggests the price will increase in the coming days. Percent R is at 34.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
