KD Logo

BofA Securities analysts initates a Buy rating for Surgery Partners Inc (SGRY)

Surgery Partners Inc’s recently made public that its American Group President Webb William Trenton unloaded Company’s shares for reported $6605.0 on Feb 04 ’25. In the deal valued at $25.70 per share,257 shares were sold. As a result of this transaction, Webb William Trenton now holds 60,330 shares worth roughly $1.55 million.

Then, Burkhalter Danielle sold 167 shares, generating $4,289 in total proceeds. Upon selling the shares at $25.68, the Chief Human Resources Officer now owns 30,187 shares.

Before that, Danielle Burkhalter bought 167 shares. Surgery Partners Inc shares valued at $4,289 were divested by the Officer at a price of $25.68 per share.

BofA Securities initiated its Surgery Partners Inc [SGRY] rating to a Buy in a research note published on December 16, 2024; the price target was $30. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. KeyBanc Capital Markets began covering SGRY with “Sector weight” recommendation on October 11, 2024. Macquarie started covering the stock on June 28, 2024. It rated SGRY as “an Outperform”.

Price Performance Review of SGRY

On Tuesday, Surgery Partners Inc [NASDAQ:SGRY] saw its stock jump 1.58% to $25.70. Over the last five days, the stock has lost -0.19%. Surgery Partners Inc shares have risen nearly 21.40% since the year began. Nevertheless, the stocks have fallen -21.00% over the past one year. While a 52-week high of $35.29 was reached on 01/29/25, a 52-week low of $19.50 was recorded on 01/14/25. SMA at 50 days reached $21.87, while 200 days put it at $26.61.

Levels Of Support And Resistance For SGRY Stock

The 24-hour chart illustrates a support level at 25.30, which if violated will result in even more drops to 24.91. On the upside, there is a resistance level at 25.99. A further resistance level may holdings at 26.29. The Relative Strength Index (RSI) on the 14-day chart is 69.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.09%. Stochastics %K at 89.74% indicates the stock is a selling.

How much short interest is there in Surgery Partners Inc?

A steep rise in short interest was recorded in Surgery Partners Inc stocks on 2025-01-15, dropping by -0.33 million shares to a total of 10.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 10.89 million shares. There was a decline of -3.12%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 06, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $35 price target.

Most Popular