Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Evolent Health Inc shares valued at $731,790 were sold by McCarthy Daniel Joseph on Aug 22 ’24. At $30.89 per share, McCarthy Daniel Joseph sold 23,693 shares. The insider’s holdings dropped to 198,809 shares worth approximately $2.24 million following the completion of this transaction.
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Also, McCarthy Daniel Joseph sold 10,469 shares, netting a total of over 339,008 in proceeds. Following the sale of shares at $32.38 each, the insider now holds 188,340 shares.
Before that, Weinberg Jonathan had sold 42,140 shares from its account. In a trade valued at $1,314,706, the General Counsel traded Evolent Health Inc shares for $31.20 each. Upon closing the transaction, the insider’s holdings decreased to 42,140 shares, worth approximately $1.88 million.
As published in a research note from BTIG Research on December 03, 2024, Evolent Health Inc [EVH] has been retained to a Buy and the price target has been revised to $29. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early November. As of October 11, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for EVH. Earlier on August 09, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for EVH stock which previously was a “a Hold”.
Analyzing EVH Stock Performance
During the last five days, there has been a drop of approximately -12.99%. Over the course of the year, Evolent Health Inc shares have dropped approximately -65.94%. Shares of the company reached a 52-week high of $35.00 on 03/04/24 and a 52-week low of $11.10 on 12/05/24. A 50-day SMA is recorded $20.41, while a 200-day SMA reached $25.28. Nevertheless, trading volume fell to 2.35 million shares from 3.57 million shares the previous day.
Support And Resistance Levels for Evolent Health Inc (EVH)
According to the 24-hour chart, there is a support level at 11.02, which, if violated, would cause prices to drop to 10.79. In the upper region, resistance lies at 11.56. The next price resistance is at 11.87. RSI (Relative Strength Index) is 27.81 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 94.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
