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MD (Pediatrix Medical Group Inc) may reap gains as insiders became active recently

Pediatrix Medical Group Inc’s filing revealed that its Director ORDAN MARK S unloaded Company’s shares for reported $0.42 million on Nov 13 ’24. In the deal valued at $15.35 per share,27,600 shares were sold. As a result of this transaction, ORDAN MARK S now holds 138,683 shares worth roughly $2.07 million.

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Then, ORDAN MARK S bought 27,600 shares, generating $427,800 in total proceeds.

Before that, Moore Mary Ann E sold 8,108 shares. Pediatrix Medical Group Inc shares valued at $129,728 were divested by the EVP, GC, Chief Admin Off & Sec at a price of $16.00 per share. As a result of the transaction, Moore Mary Ann E now holds 135,810 shares, worth roughly $2.03 million.

Jefferies upgraded its Pediatrix Medical Group Inc [MD] rating to a Buy from a a Hold in a research note published on September 26, 2024; the price target was increased to $14 from $8. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early June from “a Sell” to “a Hold”. SVB Leerink began covering MD with “Mkt perform” recommendation on September 27, 2021.

Price Performance Review of MD

On Friday, Pediatrix Medical Group Inc [NYSE:MD] saw its stock jump 1.42% to $14.96. Over the last five days, the stock has gained 5.72%. Pediatrix Medical Group Inc shares have risen nearly 60.86% since the year began. Nevertheless, the stocks have risen 70.39% over the past one year. While a 52-week high of $16.41 was reached on 11/06/24, a 52-week low of $6.62 was recorded on 07/09/24. SMA at 50 days reached $12.93, while 200 days put it at $9.81.

Levels Of Support And Resistance For MD Stock

The 24-hour chart illustrates a support level at 14.59, which if violated will result in even more drops to 14.22. On the upside, there is a resistance level at 15.31. A further resistance level may holdings at 15.65. The Relative Strength Index (RSI) on the 14-day chart is 59.71, 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 62.77%. Stochastics %K at 36.57% indicates the stock is a holding.

How much short interest is there in Pediatrix Medical Group Inc?

A steep rise in short interest was recorded in Pediatrix Medical Group Inc stocks on 2024-10-31, dropping by -0.29 million shares to a total of 3.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.23 million shares. There was a decline of -7.31%, which implies that there is a negative sentiment for the stock.

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