In a filing, Encompass Health Corp revealed its EVP & Chief Financial Officer COLTHARP DOUGLAS E unloaded Company’s shares for reported $1.06 million on Aug 13 ’24. In the deal valued at $86.34 per share,12,260 shares were sold. As a result of this transaction, COLTHARP DOUGLAS E now holds 136,227 shares worth roughly $12.83 million.
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Then, Douglas Coltharp bought 12,260 shares, generating $1,058,520 in total proceeds.
Before that, Charbonneau Elissa Joy sold 10,000 shares. Encompass Health Corp shares valued at $850,200 were divested by the Chief Medical Officer at a price of $85.02 per share. As a result of the transaction, Charbonneau Elissa Joy now holds 18,594 shares, worth roughly $1.75 million.
KeyBanc Capital Markets initiated its Encompass Health Corp [EHC] rating to an Overweight in a research note published on October 11, 2024; the price target was $115. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in early July with a ‘”an Outperform”‘ rating. Barclays began covering EHC with “an Overweight” recommendation on March 06, 2024. Barclays started covering the stock on March 14, 2023. It rated EHC as “an Equal weight”.
Price Performance Review of EHC
On Tuesday, Encompass Health Corp [NYSE:EHC] saw its stock fall -0.02% to $94.17. Over the last five days, the stock has lost -2.60%. Encompass Health Corp shares have risen nearly 41.52% since the year began. Nevertheless, the stocks have risen 40.55% over the past one year. While a 52-week high of $104.55 was reached on 11/11/24, a 52-week low of $65.99 was recorded on 01/02/24. SMA at 50 days reached $99.27, while 200 days put it at $89.74.
Levels Of Support And Resistance For EHC Stock
The 24-hour chart illustrates a support level at 93.52, which if violated will result in even more drops to 92.88. On the upside, there is a resistance level at 94.60. A further resistance level may holdings at 95.03. The Relative Strength Index (RSI) on the 14-day chart is 30.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.66%. Stochastics %K at 10.02% indicates the stock is a buying.
How much short interest is there in Encompass Health Corp?
A steep rise in short interest was recorded in Encompass Health Corp stocks on 2024-11-29, growing by 59852.0 shares to a total of 1.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.02 million shares. There was a rise of 5.54%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 24, 2021 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $98 price target.
