As this happened, BofA Securities upgraded its Concentra Group Holdings Parent Inc [CON] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. RBC Capital Mkts began covering CON with “an Outperform” recommendation on August 20, 2024. Wells Fargo started covering the stock on August 19, 2024. It rated CON as “an Overweight”.
Price Performance Review of CON
On Tuesday, Concentra Group Holdings Parent Inc [NYSE:CON] saw its stock jump 2.92% to $20.41. Over the last five days, the stock has lost -2.16%. Concentra Group Holdings Parent Inc shares have risen nearly 3.19% since the year began.
Levels Of Support And Resistance For CON Stock
The 24-hour chart illustrates a support level at 19.96, which if violated will result in even more drops to 19.52. On the upside, there is a resistance level at 20.65. A further resistance level may holdings at 20.90. The Relative Strength Index (RSI) on the 14-day chart is 44.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.45%. Stochastics %K at 26.29% indicates the stock is a holding.
How much short interest is there in Concentra Group Holdings Parent Inc?
A steep rise in short interest was recorded in Concentra Group Holdings Parent Inc stocks on 2025-03-31, dropping by -0.27 million shares to a total of 1.88 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 2.15 million shares. There was a decline of -14.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 19, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $29 price target.
