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. DaVita Inc shares valued at $8,252,515 were sold by Rodriguez Javier on Sep 16 ’24. At $165.05 per share, Rodriguez Javier sold 50,000 shares. The insider’s holdings dropped to 837,835 shares worth approximately $118.32 million following the completion of this transaction.
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Also, Rodriguez Javier sold 9,881 shares, netting a total of over 1,609,122 in proceeds. Following the sale of shares at $162.85 each, the insider now holds 887,835 shares.
Before that, Javier Rodriguez had added 50,000 shares to its account. In a trade valued at $8,252,514, the Officer bought DaVita Inc shares for $165.05 each.
As published in their initiating research note from Barclays on March 06, 2024, DaVita Inc [DVA] has been an Equal weight and the price target has been revised to $133. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of November 01, 2022, Deutsche Bank has decreased its “Buy” rating to a “Hold” for DVA. Earlier on October 31, 2022, UBS downgraded its rating. Their new recommendation was “a Neutral” for DVA stock which previously was a “a Buy”.
Analyzing DVA Stock Performance
During the last five days, there has been a drop of approximately -13.24%. Over the course of the year, DaVita Inc shares have jumped approximately 34.80%. Shares of the company reached a 52-week high of $168.50 on 10/16/24 and a 52-week low of $103.40 on 01/23/24. A 50-day SMA is recorded $158.21, while a 200-day SMA reached $139.44. Nevertheless, trading volume fell to 3.25 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for DaVita Inc (DVA)
According to the 24-hour chart, there is a support level at 136.15, which, if violated, would cause prices to drop to 131.07. In the upper region, resistance lies at 148.15. The next price resistance is at 155.07. RSI (Relative Strength Index) is 26.58 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.56, which suggests the price will decrease in the coming days. Percent R is at 89.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
