ModivCare Inc’s filing revealed that its 10% Owner Coliseum Capital Management, L acquired Company’s shares for reported $5.09 million on Jan 10 ’25. In the deal valued at $7.07 per share,720,000 shares were bought. As a result of this transaction, Coliseum Capital Management, L now holds 3,702,751 shares worth roughly $19.33 million.
Then, Coliseum Capital Management, L bought 452,378 shares, generating $2,967,600 in total proceeds. Upon buying the shares at $6.56, the 10% Owner now owns 4,155,129 shares.
Before that, Coliseum Capital Management, L bought 330,046 shares. ModivCare Inc shares valued at $1,940,670 were divested by the 10% Owner at a price of $5.88 per share. As a result of the transaction, Coliseum Capital Management, L now holds 4,485,175 shares, worth roughly $23.41 million.
Barrington Research upgraded its ModivCare Inc [MODV] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. Jefferies also remained covering MODV and has decreased its forecast on February 23, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on February 23, 2024. It rated MODV as “a Hold” which previously was an “a Buy”.
Price Performance Review of MODV
On Friday, ModivCare Inc [NASDAQ:MODV] saw its stock jump 0.67% to $5.22. Over the last five days, the stock has lost -28.91%. ModivCare Inc shares have fallen nearly -55.87% since the year began. Nevertheless, the stocks have fallen -87.35% over the past one year. While a 52-week high of $52.33 was reached on 01/08/25, a 52-week low of $4.90 was recorded on 01/23/25. SMA at 50 days reached $13.44, while 200 days put it at $20.30.
Levels Of Support And Resistance For MODV Stock
The 24-hour chart illustrates a support level at 5.01, which if violated will result in even more drops to 4.80. On the upside, there is a resistance level at 5.47. A further resistance level may holdings at 5.72. The Relative Strength Index (RSI) on the 14-day chart is 26.99, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.87%. Stochastics %K at 2.74% indicates the stock is a buying.
How much short interest is there in ModivCare Inc?
A steep rise in short interest was recorded in ModivCare Inc stocks on 2024-12-31, growing by 0.48 million shares to a total of 1.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.54 million shares. There was a rise of 46.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 03, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $145 price target.
