Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hims & Hers Health Inc shares valued at $165,000 were sold by Chi Michael on Nov 19 ’24. At $22.00 per share, Chi Michael sold 7,500 shares. The insider’s holdings dropped to 183,980 shares worth approximately $4.01 million following the completion of this transaction.
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Also, Baird Melissa sold 58,750 shares, netting a total of over 1,236,364 in proceeds. Following the sale of shares at $21.04 each, the insider now holds 630,166 shares.
Before that, Becklund Irene had sold 472 shares from its account. In a trade valued at $9,166, the PAO traded Hims & Hers Health Inc shares for $19.42 each. Upon closing the transaction, the insider’s holdings decreased to 472 shares, worth approximately $0.11 million.
As published in a research note from BofA Securities on November 14, 2024, Hims & Hers Health Inc [HIMS] has been rated down from a Buy to an Underperform. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of August 09, 2024, Imperial Capital has decreased its “an Outperform” rating to a “an In-line” for HIMS. Earlier on May 22, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for HIMS stock which previously was a “a Buy”.
Analyzing HIMS Stock Performance
During the last five days, there has been a drop of approximately -21.05%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 144.83%. Shares of the company reached a 52-week high of $30.44 on 11/13/24 and a 52-week low of $8.09 on 01/05/24. A 50-day SMA is recorded $20.21, while a 200-day SMA reached $17.27. Nevertheless, trading volume fell to 18.31 million shares from 22.85 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 21.11, which, if violated, would cause prices to drop to 20.44. In the upper region, resistance lies at 22.79. The next price resistance is at 23.80. RSI (Relative Strength Index) is 49.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 73.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
