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. Hims & Hers Health Inc shares valued at $380,688 were sold by Chi Michael on Oct 25 ’24. At $22.00 per share, Chi Michael sold 17,304 shares. The insider’s holdings dropped to 193,980 shares worth approximately $3.65 million following the completion of this transaction.
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Also, Boughton Soleil sold 2,339 shares, netting a total of over 54,171 in proceeds. Following the sale of shares at $23.16 each, the insider now holds 169,935 shares.
Before that, Boughton Soleil had added 2,339 shares to its account. In a trade valued at $54,171, the Officer bought Hims & Hers Health Inc shares for $23.16 each.
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 -12.50%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 111.57%. 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 $17.97, while a 200-day SMA reached $16.28. Nevertheless, trading volume fell to 10.74 million shares from 25.75 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 18.37, which, if violated, would cause prices to drop to 17.92. In the upper region, resistance lies at 19.24. The next price resistance is at 19.65. RSI (Relative Strength Index) is 44.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.67, which suggests the price will decrease in the coming days. Percent R is at 90.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
