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AMN stock rated an Underperform by BofA Securities

AMN Healthcare Services Inc’s filing revealed that its CFO Knudson Jeffrey R unloaded Company’s shares for reported $90811.0 on Nov 02 ’24. In the deal valued at $36.90 per share,2,461 shares were sold. As a result of this transaction, Knudson Jeffrey R now holds 37,550 shares worth roughly $1.44 million.

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Then, Caballero Jorge A. bought 2,000 shares, generating $113,600 in total proceeds. Upon buying the shares at $56.80, the Director now owns 2,437 shares.

Before that, Fontenot Teri G. bought 1,732 shares. AMN Healthcare Services Inc shares valued at $99,832 were divested by the Director at a price of $57.64 per share. As a result of the transaction, Fontenot Teri G. now holds 4,558 shares, worth roughly $0.18 million.

BofA Securities downgraded its AMN Healthcare Services Inc [AMN] rating to an Underperform from a a Neutral in a research note published on October 07, 2024; the price target was decreased to $48 from $65. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in early December with a ‘”a Mkt outperform”‘ rating. The Benchmark Company also remained covering AMN and has decreased its forecast on November 03, 2023 with a “Hold” recommendation from previously “Buy” rating. Jefferies revised its rating on November 03, 2023. It rated AMN as “a Hold” which previously was an “a Buy”.

Price Performance Review of AMN

On Monday, AMN Healthcare Services Inc [NYSE:AMN] saw its stock jump 4.07% to $38.40. Over the last five days, the stock has lost -4.00%. AMN Healthcare Services Inc shares have fallen nearly -48.72% since the year began. Nevertheless, the stocks have fallen -47.22% over the past one year. While a 52-week high of $80.22 was reached on 01/10/24, a 52-week low of $36.50 was recorded on 10/07/24. SMA at 50 days reached $43.34, while 200 days put it at $55.41.

Levels Of Support And Resistance For AMN Stock

The 24-hour chart illustrates a support level at 36.82, which if violated will result in even more drops to 35.25. On the upside, there is a resistance level at 39.90. A further resistance level may holdings at 41.41. The Relative Strength Index (RSI) on the 14-day chart is 40.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.92%. Stochastics %K at 15.79% indicates the stock is a buying.

How much short interest is there in AMN Healthcare Services Inc?

A steep rise in short interest was recorded in AMN Healthcare Services Inc stocks on 2024-10-15, dropping by -0.65 million shares to a total of 5.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.82 million shares. There was a decline of -12.67%, which implies that there is a negative sentiment for the stock.

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