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 $7,463,195 were sold by Boughton Soleil on Jan 06 ’25. At $27.75 per share, Boughton Soleil sold 268,932 shares. The insider’s holdings dropped to 169,803 shares worth approximately $4.37 million following the completion of this transaction.
Also, Okupe Oluyemi sold 11,581 shares, netting a total of over 285,784 in proceeds. Following the sale of shares at $24.68 each, the insider now holds 123,221 shares.
Before that, Chi Michael had sold 2,055 shares from its account. In a trade valued at $50,594, the Chief Commercial Officer traded Hims & Hers Health Inc shares for $24.62 each. Upon closing the transaction, the insider’s holdings decreased to 2,055 shares, worth approximately $4.98 million.
As published in their initiating research note from BTIG Research on January 07, 2025, Hims & Hers Health Inc [HIMS] has been a Buy and the price target has been revised to $35. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid December. As of November 14, 2024, BofA Securities has decreased its “Buy” rating to a “an Underperform” for HIMS. Earlier on August 22, 2024, Needham initiated its rating. Their recommendation was “a Buy” for HIMS stock.
Analyzing HIMS Stock Performance
During the last five days, there has been a surge of approximately 6.41%. Over the course of the year, Hims & Hers Health Inc shares have jumped approximately 6.41%. Shares of the company reached a 52-week high of $28.81 on 01/07/25 and a 52-week low of $24.20 on 01/02/25. A 50-day SMA is recorded $26.61, while a 200-day SMA reached $19.88. Nevertheless, trading volume fell to 11.03 million shares from 10.93 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 24.70, which, if violated, would cause prices to drop to 23.67. In the upper region, resistance lies at 27.53. The next price resistance is at 29.33. RSI (Relative Strength Index) is 45.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 78.44%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
