Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hims & Hers Health Inc shares valued at $126,318 were sold by Okupe Oluyemi on Dec 26 ’24. At $29.98 per share, Okupe Oluyemi sold 4,213 shares. The insider’s holdings dropped to 128,365 shares worth approximately $3.1 million following the completion of this transaction.
Also, Chi Michael sold 17,303 shares, netting a total of over 483,965 in proceeds. Following the sale of shares at $27.97 each, the insider now holds 193,601 shares.
Before that, Chi Michael had added 17,303 shares to its account. In a trade valued at $483,965, the Officer bought Hims & Hers Health Inc shares for $27.97 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 -12.39%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 171.69%. 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 $26.19, while a 200-day SMA reached $19.62. Nevertheless, trading volume fell to 8.74 million shares from 8.77 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 23.63, which, if violated, would cause prices to drop to 23.07. In the upper region, resistance lies at 25.22. The next price resistance is at 26.25. RSI (Relative Strength Index) is 39.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.83, which suggests the price will decrease in the coming days. Percent R is at 99.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
