The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hims & Hers Health Inc shares valued at $195,000 were sold by Chi Michael on Dec 19 ’24. At $26.00 per share, Chi Michael sold 7,500 shares. The insider’s holdings dropped to 193,601 shares worth approximately $5.45 million following the completion of this transaction.
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Also, Okupe Oluyemi sold 18,959 shares, netting a total of over 488,531 in proceeds. Following the sale of shares at $25.77 each, the insider now holds 132,578 shares.
Before that, Oluyemi Okupe had added 69,496 shares to its account. In a trade valued at $1,820,795, the Officer bought Hims & Hers Health Inc shares for $26.20 each.
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 -9.58%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 216.18%. 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 $25.88, while a 200-day SMA reached $19.39. Nevertheless, trading volume fell to 4.48 million shares from 10.94 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 27.58, which, if violated, would cause prices to drop to 27.02. In the upper region, resistance lies at 28.50. The next price resistance is at 28.86. RSI (Relative Strength Index) is 49.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.60, which suggests the price will decrease in the coming days. Percent R is at 65.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
