Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Chemed Corp shares valued at $1,145,540 were sold by MCNAMARA KEVIN J on Nov 25 ’24. At $572.77 per share, MCNAMARA KEVIN J sold 2,000 shares. The insider’s holdings dropped to 101,735 shares worth approximately $58.12 million following the completion of this transaction.
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Also, MCNAMARA KEVIN J purchased 2,000 shares, netting a total of over 1,142,220 in proceeds.
Before that, LEE SPENCER S had sold 1,000 shares from its account. In a trade valued at $565,710, the executive vice president traded Chemed Corp shares for $565.71 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $10.87 million.
As published in a research note from RBC Capital Mkts on March 11, 2020, Chemed Corp [CHE] has been rated up from a Sector perform to an Outperform and the price target has been revised to $535 from $448. Analysts at JMP Securities upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Mkt outperform”‘ outlook in a report released in early November. As of September 06, 2019, BofA/Merrill has reiterated its “Buy” rating for CHE. Earlier on October 12, 2018, BofA/Merrill initiated its rating. Their recommendation was “a Buy” for CHE stock.
Analyzing CHE Stock Performance
During the last five days, there has been a surge of approximately 3.34%. Over the course of the year, Chemed Corp shares have dropped approximately -2.30%. Shares of the company reached a 52-week high of $654.62 on 03/15/24 and a 52-week low of $523.33 on 11/04/24. A 50-day SMA is recorded $578.57, while a 200-day SMA reached $579.82. Nevertheless, trading volume fell to 63446.0 shares from 0.12 million shares the previous day.
Support And Resistance Levels for Chemed Corp (CHE)
According to the 24-hour chart, there is a support level at 568.47, which, if violated, would cause prices to drop to 565.62. In the upper region, resistance lies at 576.40. The next price resistance is at 581.48. RSI (Relative Strength Index) is 52.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.64, which suggests the price will increase in the coming days. Percent R is at 29.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
