Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ModivCare Inc shares valued at $578,106 were purchased by Q Global Capital Management, L on Dec 05 ’24. At $17.57 per share, Q Global Capital Management, L acquired 32,903 shares. The insider’s holdings grew to 1,957,888 shares worth approximately $24.45 million following the completion of this transaction.
Also, Q Global Capital Management, L purchased 9,210 shares, netting a total of over 163,293 in proceeds. Following the buying of shares at $17.73 each, the insider now holds 1,967,098 shares.
Before that, Q Global Capital Management, L had added 3,352 shares to its account. In a trade valued at $59,464, the 10% Owner bought ModivCare Inc shares for $17.74 each. Upon closing the transaction, the insider’s holdings increased to 3,352 shares, worth approximately $24.04 million.
As published in a research note from Barrington Research on August 09, 2024, ModivCare Inc [MODV] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $35. Analysts at Lake Street upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of February 23, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for MODV. Earlier on February 23, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for MODV stock which previously was a “a Buy”.
Analyzing MODV Stock Performance
During the last five days, there has been a surge of approximately 5.49%. Over the course of the year, ModivCare Inc shares have jumped approximately 5.49%. Shares of the company reached a 52-week high of $12.76 on 01/08/25 and a 52-week low of $11.52 on 01/06/25. A 50-day SMA is recorded $15.45, while a 200-day SMA reached $21.16. Nevertheless, trading volume fell to 0.14 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for ModivCare Inc (MODV)
According to the 24-hour chart, there is a support level at 11.94, which, if violated, would cause prices to drop to 11.39. In the upper region, resistance lies at 12.90. The next price resistance is at 13.31. RSI (Relative Strength Index) is 43.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 40.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
