Jeffery Michael Craig Sells 2,486 Shares of NeueHealth, Inc. (NYSE:NEUE) Stock

NeueHealth, Inc. (NYSE:NEUE) insider Jeffery Michael Craig sold 2,486 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $7.33, for a total transaction of $18,222.38. Following the completion of the transaction, the insider now owns 7,558 shares of the company’s stock, valued at approximately $55,400.14. This represents a 24.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NeueHealth Price Performance

NeueHealth stock opened at $7.45 on Friday. The business has a 50 day simple moving average of $5.56 and a 200 day simple moving average of $5.40. The company has a market capitalization of $61.72 million, a PE ratio of -0.15 and a beta of 0.57. NeueHealth, Inc. has a one year low of $3.79 and a one year high of $16.59.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their price target on shares of NeueHealth from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Monday, December 9th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in shares of NeueHealth in the 2nd quarter valued at $312,000. Partners Group Holding AG bought a new position in NeueHealth during the 3rd quarter valued at about $463,000. Deer Management Co. LLC acquired a new position in NeueHealth in the second quarter valued at about $5,436,000. Finally, NEA Management Company LLC bought a new stake in NeueHealth during the second quarter worth about $14,834,000. 63.88% of the stock is currently owned by institutional investors and hedge funds.

About NeueHealth

NeueHealth, Inc, a healthcare company, provides various healthcare services for health consumers, providers, and payors in the United States. It operates through two segments: NeueCare and NeueSolutions. The NeueCare segment delivers healthcare services to ACA marketplace, medicare, and medicaid through owned and affiliated clinics.