Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ensign Group Inc shares valued at $290,638 were sold by Shaw Daren on Nov 15 ’24. At $145.32 per share, Shaw Daren sold 2,000 shares. The insider’s holdings dropped to 27,725 shares worth approximately $4.05 million following the completion of this transaction.
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Also, Shaw Daren purchased 875 shares, netting a total of over 126,220 in proceeds.
Before that, Shaw Daren had added 1,125 shares to its account. In a trade valued at $164,419, the Director bought Ensign Group Inc shares for $146.15 each.
As published in their initiating research note from UBS on November 21, 2024, Ensign Group Inc [ENSG] has been a Buy and the price target has been revised to $175. Analysts at Macquarie started covering the stock with ‘”an Outperform”‘ outlook in a report released in late June. As of September 28, 2023, Berenberg has initiated its “Buy” rating for ENSG.
Analyzing ENSG Stock Performance
During the last five days, there has been a surge of approximately 0.91%. Over the course of the year, Ensign Group Inc shares have jumped approximately 30.10%. Shares of the company reached a 52-week high of $158.45 on 11/06/24 and a 52-week low of $110.71 on 02/02/24. A 50-day SMA is recorded $148.38, while a 200-day SMA reached $133.41. Nevertheless, trading volume fell to 0.3 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Ensign Group Inc (ENSG)
According to the 24-hour chart, there is a support level at 145.16, which, if violated, would cause prices to drop to 144.33. In the upper region, resistance lies at 146.82. The next price resistance is at 147.65. RSI (Relative Strength Index) is 46.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 58.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
