In a filing, Viemed Healthcare Inc revealed its Director Kaushal Nitin unloaded Company’s shares for reported $0.21 million on Nov 25 ’24. In the deal valued at $8.70 per share,24,005 shares were sold. As a result of this transaction, Kaushal Nitin now holds 126,843 shares worth roughly $1.01 million.
Then, Kaushal Nitin sold 5,995 shares, generating $51,437 in total proceeds. Upon selling the shares at $8.58, the Director now owns 126,843 shares.
Before that, Kaushal Nitin sold 15,000 shares. Viemed Healthcare Inc shares valued at $128,400 were divested by the Director at a price of $8.56 per share. As a result of the transaction, Kaushal Nitin now holds 126,843 shares, worth roughly $1.01 million.
RBC Capital Mkts initiated its Viemed Healthcare Inc [VMD] rating to an Outperform in a research note published on March 05, 2021; the price target was $13.
Price Performance Review of VMD
On Tuesday, Viemed Healthcare Inc [NASDAQ:VMD] saw its stock jump 2.17% to $8.00. Over the last five days, the stock has lost -6.87%. Viemed Healthcare Inc shares have risen nearly 1.91% since the year began. Nevertheless, the stocks have fallen -1.23% over the past one year. While a 52-week high of $10.44 was reached on 03/08/24, a 52-week low of $6.21 was recorded on 06/26/24. SMA at 50 days reached $8.79, while 200 days put it at $7.88.
Levels Of Support And Resistance For VMD Stock
The 24-hour chart illustrates a support level at 7.82, which if violated will result in even more drops to 7.65. On the upside, there is a resistance level at 8.10. A further resistance level may holdings at 8.21. The Relative Strength Index (RSI) on the 14-day chart is 36.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.34%. Stochastics %K at 8.81% indicates the stock is a buying.
How much short interest is there in Viemed Healthcare Inc?
A steep rise in short interest was recorded in Viemed Healthcare Inc stocks on 2024-11-29, dropping by 76404.0 shares to a total of 0.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.36 million shares. There was a decline of -26.83%, which implies that there is a negative sentiment for the stock.
