Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viemed Healthcare Inc shares valued at $208,843 were sold by Kaushal Nitin on Nov 25 ’24. At $8.70 per share, Kaushal Nitin sold 24,005 shares. The insider’s holdings dropped to 126,843 shares worth approximately $1.09 million following the completion of this transaction.
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Also, Kaushal Nitin sold 5,995 shares, netting a total of over 51,437 in proceeds. Following the sale of shares at $8.58 each, the insider now holds 126,843 shares.
Before that, Kaushal Nitin had sold 15,000 shares from its account. In a trade valued at $128,400, the Director traded Viemed Healthcare Inc shares for $8.56 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $1.09 million.
As published in their initiating research note from RBC Capital Mkts on March 05, 2021, Viemed Healthcare Inc [VMD] has been an Outperform and the price target has been revised to $13.
Analyzing VMD Stock Performance
During the last five days, there has been a surge of approximately 0.23%. Over the course of the year, Viemed Healthcare Inc shares have jumped approximately 9.04%. Shares of the company reached a 52-week high of $10.44 on 03/08/24 and a 52-week low of $6.21 on 06/26/24. A 50-day SMA is recorded $8.56, while a 200-day SMA reached $7.91. Nevertheless, trading volume fell to 58830.0 shares from 0.13 million shares the previous day.
Support And Resistance Levels for Viemed Healthcare Inc (VMD)
According to the 24-hour chart, there is a support level at 8.50, which, if violated, would cause prices to drop to 8.43. In the upper region, resistance lies at 8.66. The next price resistance is at 8.75. RSI (Relative Strength Index) is 44.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 90.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
