ModivCare Inc’s recent filing unveils that its 10% Owner Q Global Capital Management, L acquired Company’s shares for reported $0.58 million on Dec 05 ’24. In the deal valued at $17.57 per share,32,903 shares were bought. As a result of this transaction, Q Global Capital Management, L now holds 1,957,888 shares worth roughly $21.79 million.
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Then, Q Global Capital Management, L bought 9,210 shares, generating $163,293 in total proceeds. Upon buying the shares at $17.73, the 10% Owner now owns 1,967,098 shares.
Before that, Q Global Capital Management, L bought 3,352 shares. ModivCare Inc shares valued at $59,464 were divested by the 10% Owner at a price of $17.74 per share. As a result of the transaction, Q Global Capital Management, L now holds 1,924,985 shares, worth roughly $21.43 million.
Barrington Research upgraded its ModivCare Inc [MODV] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. Jefferies also remained covering MODV and has decreased its forecast on February 23, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on February 23, 2024. It rated MODV as “a Hold” which previously was an “a Buy”.
Price Performance Review of MODV
On Friday, ModivCare Inc [NASDAQ:MODV] saw its stock jump 2.20% to $11.13. Over the last five days, the stock has lost -37.54%. ModivCare Inc shares have fallen nearly -74.70% since the year began. Nevertheless, the stocks have fallen -72.11% over the past one year. While a 52-week high of $52.33 was reached on 02/16/24, a 52-week low of $10.70 was recorded on 12/20/24. SMA at 50 days reached $16.32, while 200 days put it at $22.13.
Levels Of Support And Resistance For MODV Stock
The 24-hour chart illustrates a support level at 10.62, which if violated will result in even more drops to 10.11. On the upside, there is a resistance level at 11.65. A further resistance level may holdings at 12.17. The Relative Strength Index (RSI) on the 14-day chart is 25.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.08%. Stochastics %K at 3.00% indicates the stock is a buying.
How much short interest is there in ModivCare Inc?
A steep rise in short interest was recorded in ModivCare Inc stocks on 2024-11-29, dropping by 75810.0 shares to a total of 0.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.62 million shares. There was a decline of -13.92%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 03, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $145 price target.
