Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. R1 RCM Inc shares valued at $143,959 were sold by SPARBY JOHN M. on Mar 07 ’24. At $14.33 per share, SPARBY JOHN M. sold 10,046 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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As published in a research note from Morgan Stanley on August 08, 2024, R1 RCM Inc [RCM] has been rated down from an Overweight to an Equal-weight. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early August. As of August 01, 2024, Leerink Partners has decreased its “an Outperform” rating to a “Market perform” for RCM. Earlier on August 01, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for RCM stock which previously was a “a Buy”.
Analyzing RCM Stock Performance
During the last five days, there has been a surge of approximately 0.14%. Over the course of the year, R1 RCM Inc shares have jumped approximately 35.29%. Shares of the company reached a 52-week high of $15.12 on 02/27/24 and a 52-week low of $8.87 on 01/12/24. A 50-day SMA is recorded $14.21, while a 200-day SMA reached $13.11. Nevertheless, trading volume fell to 11.36 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for R1 RCM Inc (RCM)
According to the 24-hour chart, there is a support level at 14.29, which, if violated, would cause prices to drop to 14.28. In the upper region, resistance lies at 14.31. The next price resistance is at 14.32. RSI (Relative Strength Index) is 72.27 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 14.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
