Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Select Medical Holdings Corporation shares valued at $74,383,938 were sold by ORTENZIO ROBERT A on Nov 26 ’24. At $19.55 per share, ORTENZIO ROBERT A sold 3,804,805 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, TAVENNER MARILYN B sold 32,000 shares, netting a total of over 674,880 in proceeds. Following the sale of shares at $21.09 each, the insider now holds 22,000 shares.
Before that, Rocco A. Ortenzio Separate Ex had added 3,804,805 shares to its account. In a trade valued at $79,292,136, the Affiliate bought Select Medical Holdings Corporation shares for $20.84 each.
As published in a research note from The Benchmark Company on November 25, 2024, Select Medical Holdings Corporation [SEM] has been rated down from a Buy to a Hold. As of May 13, 2021, The Benchmark Company has reiterated its “Buy” rating for SEM. Earlier on February 26, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for SEM stock which previously was a “an Underperform”.
Analyzing SEM Stock Performance
During the last five days, there has been a drop of approximately -3.84%. Over the course of the year, Select Medical Holdings Corporation shares have jumped approximately 62.14%. Shares of the company reached a 52-week high of $40.98 on 11/11/24 and a 52-week low of $19.82 on 12/04/24. A 50-day SMA is recorded $33.54, while a 200-day SMA reached $32.86. Nevertheless, trading volume fell to 1.71 million shares from 2.44 million shares the previous day.
Support And Resistance Levels for Select Medical Holdings Corporation (SEM)
According to the 24-hour chart, there is a support level at 20.04, which, if violated, would cause prices to drop to 19.55. In the upper region, resistance lies at 20.79. The next price resistance is at 21.05. RSI (Relative Strength Index) is 53.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.92, which suggests the price will decrease in the coming days. Percent R is at 96.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
