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. eHealth Inc shares valued at $28,310 were purchased by Galimi Gavin G. on Aug 20 ’24. At $4.04 per share, Galimi Gavin G. acquired 7,000 shares. The insider’s holdings grew to 192,290 shares worth approximately $0.97 million following the completion of this transaction.
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Also, Galimi Gavin G. purchased 10,365 shares, netting a total of over 42,659 in proceeds. Following the buying of shares at $4.12 each, the insider now holds 185,290 shares.
Before that, Stelben John J had added 20,000 shares to its account. In a trade valued at $83,122, the SVP, Chief Financial Officer bought eHealth Inc shares for $4.16 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $2.59 million.
As published in a research note from Craig Hallum on January 18, 2024, eHealth Inc [EHTH] has been rated down from a Buy to a Hold and the price target has been revised to $7. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early December. Earlier on March 21, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for EHTH stock which previously was a “a Buy”.
Analyzing EHTH Stock Performance
During the last five days, there has been a surge of approximately 0.20%. Over the course of the year, eHealth Inc shares have dropped approximately -42.43%. Shares of the company reached a 52-week high of $8.66 on 01/02/24 and a 52-week low of $3.58 on 09/06/24. A 50-day SMA is recorded $4.35, while a 200-day SMA reached $5.08. Nevertheless, trading volume fell to 1.23 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for eHealth Inc (EHTH)
According to the 24-hour chart, there is a support level at 4.44, which, if violated, would cause prices to drop to 3.86. In the upper region, resistance lies at 5.32. The next price resistance is at 5.62. RSI (Relative Strength Index) is 61.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 16.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
