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Analyzing AdaptHealth Corp (AHCO) After Recent Trading Activity

AdaptHealth Corp’s recently made public that its Director WOLF DALE B unloaded Company’s shares for reported $75600.0 on Nov 13 ’24. In the deal valued at $10.80 per share,7,000 shares were sold. As a result of this transaction, WOLF DALE B now holds 74,889 shares worth roughly $0.73 million.

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Then, WOLF DALE B bought 7,000 shares, generating $75,460 in total proceeds.

Before that, Rietkerk Shaw sold 25,000 shares. AdaptHealth Corp shares valued at $281,000 were divested by the Former Chief Operating Officer at a price of $11.24 per share. As a result of the transaction, Rietkerk Shaw now holds 212,611 shares, worth roughly $2.07 million.

Jefferies downgraded its AdaptHealth Corp [AHCO] rating to a Hold from a a Buy in a research note published on January 08, 2024; the price target was decreased to $8 from $14.50. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underperform”. Stifel also remained covering AHCO and has decreased its forecast on May 10, 2023 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on May 10, 2023. It rated AHCO as “a Hold” which previously was an “a Buy”.

Price Performance Review of AHCO

On Tuesday, AdaptHealth Corp [NASDAQ:AHCO] saw its stock jump 1.78% to $9.74. Over the last five days, the stock has lost -8.89%. AdaptHealth Corp shares have risen nearly 33.61% since the year began. Nevertheless, the stocks have risen 14.19% over the past one year. While a 52-week high of $11.90 was reached on 07/25/24, a 52-week low of $6.43 was recorded on 01/17/24. SMA at 50 days reached $10.56, while 200 days put it at $10.21.

Levels Of Support And Resistance For AHCO Stock

The 24-hour chart illustrates a support level at 9.40, which if violated will result in even more drops to 9.07. On the upside, there is a resistance level at 10.00. A further resistance level may holdings at 10.27. The Relative Strength Index (RSI) on the 14-day chart is 43.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.70%. Stochastics %K at 38.04% indicates the stock is a holding.

How much short interest is there in AdaptHealth Corp?

A steep rise in short interest was recorded in AdaptHealth Corp stocks on 2024-10-31, growing by 96754.0 shares to a total of 10.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.29 million shares. There was a rise of 0.93%, which implies that there is a positive sentiment for the stock.

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