In a filing, Enhabit Inc revealed its Director Bolton Jeffrey acquired Company’s shares for reported $54377.0 on Nov 08 ’24. In the deal valued at $7.77 per share,7,000 shares were bought. As a result of this transaction, Bolton Jeffrey now holds 91,144 shares worth roughly $0.8 million.
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Then, Bolton Jeffrey bought 3,000 shares, generating $22,800 in total proceeds. Upon buying the shares at $7.60, the Director now owns 94,144 shares.
Before that, Bolton Jeffrey bought 5,000 shares. Enhabit Inc shares valued at $40,050 were divested by the Director at a price of $8.01 per share. As a result of the transaction, Bolton Jeffrey now holds 78,877 shares, worth roughly $0.69 million.
Jefferies upgraded its Enhabit Inc [EHAB] rating to a Buy from a a Hold in a research note published on December 09, 2024; the price target was increased to $9.50 from $8.25. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who increased its forecast for the stock in mid May from “an Underperform” to “a Market perform”. Jefferies also remained covering EHAB and has decreased its forecast on May 09, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS revised its rating on March 07, 2024. It rated EHAB as “a Neutral” which previously was an “a Sell”.
Price Performance Review of EHAB
On Monday, Enhabit Inc [NYSE:EHAB] saw its stock jump 13.20% to $8.75. Over the last five days, the stock has gained 11.32%. Enhabit Inc shares have fallen nearly -15.46% since the year began. Nevertheless, the stocks have fallen -20.60% over the past one year. While a 52-week high of $11.74 was reached on 03/28/24, a 52-week low of $6.85 was recorded on 10/31/24. SMA at 50 days reached $7.48, while 200 days put it at $8.85.
Levels Of Support And Resistance For EHAB Stock
The 24-hour chart illustrates a support level at 8.27, which if violated will result in even more drops to 7.78. On the upside, there is a resistance level at 9.10. A further resistance level may holdings at 9.45. The Relative Strength Index (RSI) on the 14-day chart is 68.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.78%. Stochastics %K at 68.65% indicates the stock is a holding.
How much short interest is there in Enhabit Inc?
A steep rise in short interest was recorded in Enhabit Inc stocks on 2024-11-15, dropping by -0.46 million shares to a total of 1.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.68 million shares. There was a decline of -37.54%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 12, 2023 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $12 price target.
