eHealth (EHTH) has been under a strong bear grip, hence the stock is down -17.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 15.13% in the past 1 week. The stock has risen by 15.2% in the past week indicating that the buyers are active at lower levels, but the stock is down -16.89% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 4.29% and the 50-Day Moving Average is 13.5%. eHealth (NASDAQ:EHTH): On Fridays trading session , Opening price of the stock was $11.67 with an intraday high of $11.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.72. However, the stock managed to close at $11.22, a loss of 4.59% for the day. On the previous day, the stock had closed at $11.76. The total traded volume of the day was 582,283 shares.
The company Insiders own 6.72% of eHealth shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 80.46% . Institutional Investors own 92.2% of eHealth shares. During last six month period, the net percent change held by insiders has seen a change of 80.46%. Also, Craig-Hallum upgrades its rating on eHealth (NASDAQ:EHTH). Analysts at the Craig-Hallum have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on August 5, 2016.
eHealth, Inc. offers an online source of health insurance for individuals, families and small businesses. The Company offers a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers and purchase and enroll in coverage online. It offers a range of individual, family and small business health plans underwritten by the health insurance companies through its Website addresses www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com, and customer care centers. Its e-commerce technology delivers consumers health insurance applications electronically to health insurance carriers. The plans it offers preferred provider organization, health maintenance organization and indemnity plans, Medicare related health insurance plans, short-term medical insurance, student health insurance, and dental and vision insurance, among others.