Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hims & Hers Health Inc shares valued at $195,000 were purchased by Chi Michael on Dec 19 ’24. At $26.00 per share, Chi Michael acquired 7,500 shares.
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Also, Chi Michael sold 25,550 shares, netting a total of over 822,710 in proceeds. Following the sale of shares at $32.20 each, the insider now holds 193,601 shares.
Before that, Becklund Irene had sold 10,012 shares from its account. In a trade valued at $322,386, the PAO traded Hims & Hers Health Inc shares for $32.20 each. Upon closing the transaction, the insider’s holdings decreased to 10,012 shares, worth approximately $0.19 million.
As published in their initiating research note from Morgan Stanley on December 17, 2024, Hims & Hers Health Inc [HIMS] has been an Overweight and the price target has been revised to $42. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in mid November. As of August 22, 2024, Needham has initiated its “Buy” rating for HIMS. Earlier on August 09, 2024, Imperial Capital downgraded its rating. Their new recommendation was “an In-line” for HIMS stock which previously was a “an Outperform”.
Analyzing HIMS Stock Performance
During the last five days, there has been a drop of approximately -12.40%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 196.18%. Shares of the company reached a 52-week high of $35.02 on 11/27/24 and a 52-week low of $8.09 on 01/05/24. A 50-day SMA is recorded $25.38, while a 200-day SMA reached $19.20. Nevertheless, trading volume fell to 31.41 million shares from 14.64 million shares the previous day.
Support And Resistance Levels for Hims & Hers Health Inc (HIMS)
According to the 24-hour chart, there is a support level at 24.72, which, if violated, would cause prices to drop to 23.07. In the upper region, resistance lies at 27.91. The next price resistance is at 29.45. RSI (Relative Strength Index) is 44.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.32, which suggests the price will decrease in the coming days. Percent R is at 83.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
