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The Potential Rise in the Price of Universal Health Services, Inc. (UHS) following insiders activity

In a filing, Universal Health Services, Inc. revealed its Director SUSSMAN ELLIOT J MD MBA unloaded Company’s shares for reported $0.38 million on Aug 13 ’24. In the deal valued at $218.08 per share,1,722 shares were sold. As a result of this transaction, SUSSMAN ELLIOT J MD MBA now holds 5,048 shares worth roughly $1.04 million.

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Then, Nimetz Warren J. sold 3,444 shares, generating $749,552 in total proceeds. Upon selling the shares at $217.64, the Director now owns 3,971 shares.

Before that, ELLIOT SUSSMAN bought 1,722 shares. Universal Health Services, Inc. shares valued at $375,534 were divested by the Director at a price of $218.08 per share.

TD Cowen upgraded its Universal Health Services, Inc. [UHS] rating to a Buy from a a Hold in a research note published on October 16, 2024; the price target was increased to $283 from $220. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”a Sector weight”‘ rating. Cantor Fitzgerald also remained covering UHS and has increased its forecast on July 26, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Barclays revised its rating on July 26, 2024. It rated UHS as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of UHS

On Tuesday, Universal Health Services, Inc. [NYSE:UHS] saw its stock jump 0.67% to $205.92. Over the last five days, the stock has lost -11.45%. Universal Health Services, Inc. shares have risen nearly 35.08% since the year began. Nevertheless, the stocks have risen 66.95% over the past one year. While a 52-week high of $243.25 was reached on 09/24/24, a 52-week low of $121.55 was recorded on 01/24/24. SMA at 50 days reached $228.45, while 200 days put it at $191.27.

Levels Of Support And Resistance For UHS Stock

The 24-hour chart illustrates a support level at 203.24, which if violated will result in even more drops to 200.56. On the upside, there is a resistance level at 208.96. A further resistance level may holdings at 211.99. The Relative Strength Index (RSI) on the 14-day chart is 34.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.45%. Stochastics %K at 6.61% indicates the stock is a buying.

How much short interest is there in Universal Health Services, Inc.?

A steep rise in short interest was recorded in Universal Health Services, Inc. stocks on 2024-10-15, dropping by 19672.0 shares to a total of 1.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.55 million shares. There was a decline of -1.29%, which implies that there is a negative sentiment for the stock.

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