Hawaiian Electric Industries Inc.’s filing revealed that its Director RUSSELL KEITH P unloaded Company’s shares for reported $0.39 million on Mar 08. In the deal valued at $39.21 per share,10,000 shares were sold. As a result of this transaction, RUSSELL KEITH P now holds 23,447 shares worth roughly $ 0.29 million.
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Wells Fargo upgraded its Hawaiian Electric Industries Inc. [HE] rating to an Equal weight from a an Underweight in a research note published on Tuesday, August 18, 2023; the price target was decreased to $8 from $25. PT values the company’s stock at a premium of -55.25 to its Tuesday closing price.
Price Performance Review of HE
On Tuesday, Hawaiian Electric Industries Inc. [NYSE:HE] saw its stock fall -17.48% to $12.42. On the same session, the stock had its day’s lowest price of $12.36, but rose to a high of $14.45. Over the last five days, the stock has lost -11.10%. Hawaiian Electric Industries Inc. shares have fallen nearly -70.32% since the year began. Nevertheless, the stocks have fallen -68.56% over the past one year. While a 52-week high of $43.71 was reached on 02/02/23, a 52-week low of $9.06 was recorded on 08/25/23. SMA at 50 days reached $29.68, while 200 days put it at $37.06. A total of 17.03 million shares were traded, compared to the trading of 15.32 million shares in the previous session.
Levels Of Support And Resistance For HE Stock
The 24-hour chart illustrates a support level at 11.70, which if violated will result in even more drops to 10.99. On the upside, there is a resistance level at 13.79. A further resistance level may holdings at 15.17. The Relative Strength Index (RSI) on the 14-day chart is 28.66, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.97%. Stochastics %K at 46.90% indicates the stock is a holding.
How much short interest is there in Hawaiian Electric Industries Inc.?
A steep rise in short interest was recorded in Hawaiian Electric Industries Inc. stocks on Aug 14, 2023, growing by 0.32 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.62 million shares. There was a rise of 16.49%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.00% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.64.
Hawaiian Electric Industries Inc. [HE] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,493,096 shares, or roughly 11.40% of the outstanding HE shares. In other words, the investor’s shares have fallen by -75,701 from its previous 13-F filing of 12568797.0. Additionally, BlackRock Fund Advisors decreased -1.50% of its stake after which the total value it holdings stand at $354,699,299, while Nordea Investment Management AB reduced -3.03% of its stake to hold $152.96 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -29,477 shares of Hawaiian Electric Industries Inc., while First Trust Advisors LP sold 107,412 shares. At present, Geode Capital Management LLC is holding 1,717,133 shares valued at $65.92 million. Allspring Global Investments LLC owned 1,419,018 shares of the company at the time of its most recent 13F filing, worth $54.48 million.