Evolent Health Inc’s filing revealed that its PRESIDENT McCarthy Daniel Joseph unloaded Company’s shares for reported $0.73 million on Aug 22 ’24. In the deal valued at $30.89 per share,23,693 shares were sold. As a result of this transaction, McCarthy Daniel Joseph now holds 198,809 shares worth roughly $2.24 million.
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Then, McCarthy Daniel Joseph sold 10,469 shares, generating $339,008 in total proceeds. Upon selling the shares at $32.38, the PRESIDENT now owns 188,340 shares.
Before that, Weinberg Jonathan sold 42,140 shares. Evolent Health Inc shares valued at $1,314,706 were divested by the General Counsel at a price of $31.20 per share. As a result of the transaction, Weinberg Jonathan now holds 167,027 shares, worth roughly $1.88 million.
Stephens downgraded its Evolent Health Inc [EVH] rating to an Equal-weight from a an Overweight in a research note published on November 08, 2024; the price target was decreased to $16 from $38. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. Truist also remained covering EVH and has increased its forecast on August 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup started covering the stock on April 22, 2024. It rated EVH as “a Buy”.
Price Performance Review of EVH
On Friday, Evolent Health Inc [NYSE:EVH] saw its stock fall -2.93% to $11.25. Over the last five days, the stock has lost -9.13%. Evolent Health Inc shares have fallen nearly -65.94% since the year began. Nevertheless, the stocks have fallen -61.93% over the past one year. While a 52-week high of $35.00 was reached on 03/04/24, a 52-week low of $11.17 was recorded on 11/21/24. SMA at 50 days reached $23.25, while 200 days put it at $26.02.
Levels Of Support And Resistance For EVH Stock
The 24-hour chart illustrates a support level at 11.02, which if violated will result in even more drops to 10.79. On the upside, there is a resistance level at 11.64. A further resistance level may holdings at 12.03. The Relative Strength Index (RSI) on the 14-day chart is 21.84, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.43%. Stochastics %K at 1.45% indicates the stock is a buying.
How much short interest is there in Evolent Health Inc?
A steep rise in short interest was recorded in Evolent Health Inc stocks on 2024-10-31, dropping by 46466.0 shares to a total of 12.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.53 million shares. There was a decline of -0.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 01, 2024 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $45 price target.
