Bausch Health Companies Inc’s filing revealed that its EVP, General Counsel Carson Seana unloaded Company’s shares for reported $3674.0 on Dec 02 ’24. In the deal valued at $8.35 per share,440 shares were sold. As a result of this transaction, Carson Seana now holds 433,066 shares worth roughly $3.24 million.
Then, Carson Seana bought 440 shares, generating $3,674 in total proceeds.
Before that, Carson Seana sold 13,370 shares. Bausch Health Companies Inc shares valued at $83,028 were divested by the EVP, General Counsel at a price of $6.21 per share. As a result of the transaction, Carson Seana now holds 435,198 shares, worth roughly $3.26 million.
Piper Sandler downgraded its Bausch Health Companies Inc [BHC] rating to an Underweight from a a Neutral in a research note published on August 02, 2024; the price target was decreased to $3 from $9. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in early July with a ‘”a Mkt perform”‘ rating. Jefferies also remained covering BHC and has increased its forecast on September 20, 2023 with a “Buy” recommendation from previously “Hold” rating. TD Cowen revised its rating on June 16, 2023. It rated BHC as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of BHC
On Tuesday, Bausch Health Companies Inc [NYSE:BHC] saw its stock jump 1.08% to $7.48. Over the last five days, the stock has lost -4.10%. Bausch Health Companies Inc shares have fallen nearly -7.20% since the year began. Nevertheless, the stocks have fallen -11.06% over the past one year. While a 52-week high of $11.46 was reached on 01/02/25, a 52-week low of $3.96 was recorded on 01/14/25. SMA at 50 days reached $8.19, while 200 days put it at $7.49.
Levels Of Support And Resistance For BHC Stock
The 24-hour chart illustrates a support level at 7.35, which if violated will result in even more drops to 7.23. On the upside, there is a resistance level at 7.55. A further resistance level may holdings at 7.63. The Relative Strength Index (RSI) on the 14-day chart is 40.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.54%. Stochastics %K at 28.02% indicates the stock is a holding.
How much short interest is there in Bausch Health Companies Inc?
A steep rise in short interest was recorded in Bausch Health Companies Inc stocks on 2024-12-31, dropping by -3.23 million shares to a total of 7.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 10.26 million shares. There was a decline of -45.91%, which implies that there is a negative sentiment for the stock.
