Privia Health Group Inc. Crosses Above 200-Day Moving Average of $22.29

Privia Health Group Inc (PRVA) shares crossed above their 200-day moving average of $22.29, reaching a high of $23.48 per share and trading up 5.8% on the day. This indicates a bullish trend for the company, with a 52-week range of $16.47 to $26.0899.

Privia Health Group Inc (PRVA) shares experienced a significant uptick on Friday, crossing above their 200-day moving average of $22.29 and reaching a high of $23.48 per share. This move, which saw the stock trading up 5.8% on the day, indicates a bullish trend for the company. The stock's 52-week range is now between $16.47 and $26.0899, reflecting a strong performance over the past year.

The stock's performance aligns with Privia Health Group's recent achievements in the Medicare shared savings program. The company reported that its Accountable Care Organizations (ACOs) achieved shared savings of $233.1 million through the Medicare shared savings program for the 2024 performance year, a 32% increase compared to 2023 [1]. This positive result has led to an upward revision in Privia's Adjusted EBITDA guidance for the full year of 2025, now projected to be between $113 million and $116 million [1].

The bullish trend is further supported by the stock's crossing above its 200-day moving average. This technical indicator often signals a change in the stock's momentum, suggesting that the price may continue to rise in the short to medium term. Additionally, the stock's 52-week high of $26.0899 indicates strong investor confidence in the company's future prospects.

Investors should closely monitor Privia Health Group's earnings call for the second quarter of 2025, scheduled to be held on July 2, 2025, for further insights into the company's financial performance and future outlook.

References:
[1] https://seekingalpha.com/news/4490529-privia-healths-acos-report-32-rise-in-medicare-savings
[2] https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-prva