Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Definitive Healthcare Corp shares valued at $211,500 were sold by Moschella William on Dec 03 ’24. At $4.70 per share, Moschella William sold 45,000 shares. The insider’s holdings dropped to 433,830 shares worth approximately $1.88 million following the completion of this transaction.
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Also, Moschella William purchased 45,000 shares, netting a total of over 209,250 in proceeds.
As published in their initiating research note from BTIG Research on September 17, 2024, Definitive Healthcare Corp [DH] has been a Buy and the price target has been revised to $7. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late July. As of May 08, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for DH. Earlier on January 17, 2024, Needham downgraded its rating. Their new recommendation was “a Hold” for DH stock which previously was a “a Buy”.
Analyzing DH Stock Performance
During the last five days, there has been a drop of approximately -7.86%. Over the course of the year, Definitive Healthcare Corp shares have dropped approximately -56.34%. Shares of the company reached a 52-week high of $10.62 on 02/29/24 and a 52-week low of $3.19 on 07/31/24. A 50-day SMA is recorded $4.41, while a 200-day SMA reached $5.40. Nevertheless, trading volume fell to 0.72 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Definitive Healthcare Corp (DH)
According to the 24-hour chart, there is a support level at 4.20, which, if violated, would cause prices to drop to 4.06. In the upper region, resistance lies at 4.56. The next price resistance is at 4.78. RSI (Relative Strength Index) is 42.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 89.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
