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Recent Insider Activity Suggests Potential Gains for IQVIA Holdings Inc (IQV)

IQVIA Holdings Inc’s filing revealed that its insider Sherbet Eric unloaded Company’s shares for reported $0.32 million on Aug 27 ’24. In the deal valued at $246.33 per share,1,300 shares were sold. As a result of this transaction, Sherbet Eric now holds 19,536 shares worth roughly $3.89 million.

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Then, Sherbet Eric bought 1,300 shares, generating $320,229 in total proceeds.

Before that, BOUSBIB ARI sold 31,678 shares. IQVIA Holdings Inc shares valued at $7,936,193 were divested by the insider at a price of $250.53 per share. As a result of the transaction, BOUSBIB ARI now holds 796,752 shares, worth roughly $158.6 million.

Redburn Atlantic initiated its IQVIA Holdings Inc [IQV] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Jefferies also remained covering IQV and has decreased its forecast on July 24, 2024 with a “Hold” recommendation from previously “Buy” rating. Goldman started covering the stock on June 06, 2024. It rated IQV as “a Buy”.

Price Performance Review of IQV

On Friday, IQVIA Holdings Inc [NYSE:IQV] saw its stock fall -0.65% to $199.06. Over the last five days, the stock has lost -1.76%. IQVIA Holdings Inc shares have fallen nearly -13.97% since the year began. Nevertheless, the stocks have fallen -11.90% over the past one year. While a 52-week high of $261.73 was reached on 03/08/24, a 52-week low of $187.62 was recorded on 11/18/24. SMA at 50 days reached $212.80, while 200 days put it at $229.11.

Levels Of Support And Resistance For IQV Stock

The 24-hour chart illustrates a support level at 197.73, which if violated will result in even more drops to 196.39. On the upside, there is a resistance level at 200.67. A further resistance level may holdings at 202.27. The Relative Strength Index (RSI) on the 14-day chart is 41.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.18%. Stochastics %K at 29.72% indicates the stock is a holding.

How much short interest is there in IQVIA Holdings Inc?

A steep rise in short interest was recorded in IQVIA Holdings Inc stocks on 2024-11-29, growing by 0.49 million shares to a total of 3.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.62 million shares. There was a rise of 15.68%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 26, 2024 when Leerink Partners began covering the stock and recommended ‘”an Outperform”‘ rating along with a $290 price target.

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