Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ModivCare Inc shares valued at $755,625 were purchased by AI Catalyst Fund, LP on Jan 31 ’25. At $4.03 per share, AI Catalyst Fund, LP acquired 187,500 shares. The insider’s holdings grew to 1,942,500 shares worth approximately $3.11 million following the completion of this transaction.
Also, AI Catalyst Fund, LP purchased 187,500 shares, netting a total of over 725,625 in proceeds. Following the buying of shares at $3.87 each, the insider now holds 2,130,000 shares.
Before that, AI Catalyst Fund, LP had added 45,000 shares to its account. In a trade valued at $195,750, the 10% Owner bought ModivCare Inc shares for $4.35 each. Upon closing the transaction, the insider’s holdings increased to 45,000 shares, worth approximately $2.81 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 drop of approximately -26.44%. Over the course of the year, ModivCare Inc shares have dropped approximately -86.49%. Shares of the company reached a 52-week high of $12.7600 on 01/08/25 and a 52-week low of $1.6000 on 03/27/25. A 50-day SMA is recorded $4.1522, while a 200-day SMA reached $15.6897.
Support And Resistance Levels for ModivCare Inc (MODV)
According to the 24-hour chart, there is a support level at 1.5500, which, if violated, would cause prices to drop to 1.5000. In the upper region, resistance lies at 1.7000. The next price resistance is at 1.8000. RSI (Relative Strength Index) is 24.72 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.4842, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
