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Recent Insider Activity Suggests Potential Gains for DaVita Inc (DVA)

DaVita Inc’s recent filing unveils that its Officer Michael Staffieri acquired Company’s shares for reported $1.23 million on Nov 18 ’24. In the deal valued at $157.42 per share,7,786 shares were bought.

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Then, Michael Staffieri bought 7,459 shares, generating $1,163,167 in total proceeds.

Before that, Rodriguez Javier sold 50,000 shares. DaVita Inc shares valued at $8,252,515 were divested by the Chief Executive Officer at a price of $165.05 per share. As a result of the transaction, Rodriguez Javier now holds 837,835 shares, worth roughly $138.67 million.

Barclays initiated its DaVita Inc [DVA] rating to an Equal weight in a research note published on March 06, 2024; the price target was $133. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Deutsche Bank also remained covering DVA and has decreased its forecast on November 01, 2022 with a “Hold” recommendation from previously “Buy” rating. UBS revised its rating on October 31, 2022. It rated DVA as “a Neutral” which previously was an “a Buy”.

Price Performance Review of DVA

On Friday, DaVita Inc [NYSE:DVA] saw its stock jump 0.83% to $165.51. Over the last five days, the stock has gained 3.23%. DaVita Inc shares have risen nearly 57.99% since the year began. Nevertheless, the stocks have risen 66.38% over the past one year. While a 52-week high of $168.50 was reached on 10/16/24, a 52-week low of $97.31 was recorded on 01/23/24. SMA at 50 days reached $158.31, while 200 days put it at $143.32.

Levels Of Support And Resistance For DVA Stock

The 24-hour chart illustrates a support level at 164.09, which if violated will result in even more drops to 162.67. On the upside, there is a resistance level at 166.60. A further resistance level may holdings at 167.69. The Relative Strength Index (RSI) on the 14-day chart is 62.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.27%. Stochastics %K at 97.11% indicates the stock is a selling.

How much short interest is there in DaVita Inc?

A steep rise in short interest was recorded in DaVita Inc stocks on 2024-10-31, dropping by -0.78 million shares to a total of 4.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.05 million shares. There was a decline of -18.13%, which implies that there is a negative sentiment for the stock.

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