Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. U.S. Physical Therapy, Inc shares valued at $117,600 were purchased by Richard S. Binstein on Nov 22 ’24. At $98.00 per share, Richard S. Binstein acquired 1,200 shares.
Also, Harris Bernard A Jr sold 2,000 shares, netting a total of over 185,900 in proceeds. Following the sale of shares at $92.95 each, the insider now holds 16,726 shares.
Before that, HAM NANCY had sold 1,172 shares from its account. In a trade valued at $113,356, the Director traded U.S. Physical Therapy, Inc shares for $96.72 each. Upon closing the transaction, the insider’s holdings decreased to 1,172 shares, worth approximately $0.11 million.
As published in a research note from BofA Securities on October 07, 2024, U.S. Physical Therapy, Inc [USPH] has been rated down from a Buy to a Neutral and the price target has been revised to $90 from $114. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in late September. As of June 30, 2023, BofA Securities has initiated its “Buy” rating for USPH. Earlier on December 14, 2021, CJS Securities upgraded its rating. Their new recommendation was “a Market outperform” for USPH stock which previously was a “a Market perform”.
Analyzing USPH Stock Performance
During the last five days, there has been a surge of approximately 3.21%. Over the course of the year, U.S. Physical Therapy, Inc shares have jumped approximately 4.23%. Shares of the company reached a 52-week high of $113.63 on 04/01/24 and a 52-week low of $76.18 on 10/07/24. A 50-day SMA is recorded $86.05, while a 200-day SMA reached $94.73. Nevertheless, trading volume fell to 88020.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for U.S. Physical Therapy, Inc (USPH)
According to the 24-hour chart, there is a support level at 96.14, which, if violated, would cause prices to drop to 95.20. In the upper region, resistance lies at 98.60. The next price resistance is at 100.12. RSI (Relative Strength Index) is 66.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.83, which suggests the price will increase in the coming days. Percent R is at 23.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
