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Potential Price Increase for Ensign Group Inc (ENSG) After Recent Insider Activity

Ensign Group Inc’s recent filing unveils that its Director SMITH BARRY M unloaded Company’s shares for reported $93401.0 on Jan 02 ’25. In the deal valued at $133.43 per share,700 shares were sold. As a result of this transaction, SMITH BARRY M now holds 30,852 shares worth roughly $4.01 million.

Then, SMITH BARRY M bought 700 shares, generating $93,401 in total proceeds.

Before that, Shaw Daren sold 2,000 shares. Ensign Group Inc shares valued at $290,638 were divested by the Director at a price of $145.32 per share. As a result of the transaction, Shaw Daren now holds 27,725 shares, worth roughly $3.61 million.

UBS initiated its Ensign Group Inc [ENSG] rating to a Buy in a research note published on November 21, 2024; the price target was $175. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. Berenberg began covering ENSG with “Buy” recommendation on September 28, 2023.

Price Performance Review of ENSG

On Monday, Ensign Group Inc [NASDAQ:ENSG] saw its stock fall -1.84% to $130.06. Over the last five days, the stock has lost -2.93%. Ensign Group Inc shares have fallen nearly -2.11% since the year began. Nevertheless, the stocks have risen 14.25% over the past one year. While a 52-week high of $158.45 was reached on 01/02/25, a 52-week low of $110.71 was recorded on 01/06/25. SMA at 50 days reached $143.89, while 200 days put it at $135.33.

Levels Of Support And Resistance For ENSG Stock

The 24-hour chart illustrates a support level at 128.93, which if violated will result in even more drops to 127.81. On the upside, there is a resistance level at 131.70. A further resistance level may holdings at 133.35. The Relative Strength Index (RSI) on the 14-day chart is 23.45, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.65%. Stochastics %K at 6.57% indicates the stock is a buying.

How much short interest is there in Ensign Group Inc?

A steep rise in short interest was recorded in Ensign Group Inc stocks on 2024-12-13, growing by 0.23 million shares to a total of 2.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.21 million shares. There was a rise of 9.54%, which implies that there is a positive sentiment for the stock.

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