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Checking in on Hims & Hers Health Inc (HIMS) after recent insiders movement

Hims & Hers Health Inc’s filing revealed that its Chief Commercial Officer Chi Michael unloaded Company’s shares for reported $0.38 million on Oct 25 ’24. In the deal valued at $22.00 per share,17,304 shares were sold. As a result of this transaction, Chi Michael now holds 193,980 shares worth roughly $4.03 million.

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Then, Boughton Soleil sold 2,339 shares, generating $54,171 in total proceeds. Upon selling the shares at $23.16, the Chief Legal Officer now owns 169,935 shares.

Before that, Boughton Soleil bought 2,339 shares. Hims & Hers Health Inc shares valued at $54,171 were divested by the Officer at a price of $23.16 per share.

Needham initiated its Hims & Hers Health Inc [HIMS] rating to a Buy in a research note published on August 22, 2024; the price target was $24. A number of analysts have revised their coverage, including Imperial Capital’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “an In-line”. Citigroup also remained covering HIMS and has decreased its forecast on May 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on April 16, 2024. It rated HIMS as “a Hold” which previously was an “a Buy”.

Price Performance Review of HIMS

On Monday, Hims & Hers Health Inc [NYSE:HIMS] saw its stock jump 1.96% to $20.76. Over the last five days, the stock has lost -10.05%. Hims & Hers Health Inc shares have risen nearly 133.26% since the year began. Nevertheless, the stocks have risen 241.45% over the past one year. While a 52-week high of $25.74 was reached on 06/18/24, a 52-week low of $5.97 was recorded on 01/05/24. SMA at 50 days reached $18.13, while 200 days put it at $16.40.

Levels Of Support And Resistance For HIMS Stock

The 24-hour chart illustrates a support level at 20.08, which if violated will result in even more drops to 19.39. On the upside, there is a resistance level at 21.40. A further resistance level may holdings at 22.03. The Relative Strength Index (RSI) on the 14-day chart is 52.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.03%. Stochastics %K at 30.62% indicates the stock is a holding.

How much short interest is there in Hims & Hers Health Inc?

A steep rise in short interest was recorded in Hims & Hers Health Inc stocks on 2024-10-15, growing by 5.34 million shares to a total of 31.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 26.54 million shares. There was a rise of 16.74%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 10, 2024 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.

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