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 $331,094 were sold by Carroll Patrick Harrison on Nov 06 ’24. At $22.07 per share, Carroll Patrick Harrison sold 15,000 shares. The insider’s holdings dropped to 196,941 shares worth approximately $4.65 million following the completion of this transaction.
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Also, Chi Michael sold 2,054 shares, netting a total of over 45,188 in proceeds. Following the sale of shares at $22.00 each, the insider now holds 193,980 shares.
Before that, Dudum Andrew had sold 188,888 shares from its account. In a trade valued at $3,944,578, the Chief Executive Officer traded Hims & Hers Health Inc shares for $20.88 each. Upon closing the transaction, the insider’s holdings decreased to 188,888 shares, worth approximately $1.58 million.
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 surge of approximately 25.44%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 165.39%. 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 $18.57, while a 200-day SMA reached $16.61. Nevertheless, trading volume fell to 13.2 million shares from 36.94 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 23.15, which, if violated, would cause prices to drop to 22.68. In the upper region, resistance lies at 24.22. The next price resistance is at 24.82. RSI (Relative Strength Index) is 61.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.90, which suggests the price will decrease in the coming days. Percent R is at 16.68%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
