Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. H&E Equipment Services Inc shares valued at $788,242 were sold by Barber Bradley W on Mar 26 ’24. At $63.44 per share, Barber Bradley W sold 12,425 shares. The insider’s holdings dropped to 196,653 shares worth approximately $12.62 million following the completion of this transaction.
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Also, Barber Bradley W sold 1,092 shares, netting a total of over 69,255 in proceeds. Following the sale of shares at $63.42 each, the insider now holds 209,078 shares.
Before that, Barber Bradley W had sold 11,483 shares from its account. In a trade valued at $728,252, the CEO traded H&E Equipment Services Inc shares for $63.42 each. Upon closing the transaction, the insider’s holdings decreased to 11,483 shares, worth approximately $13.49 million.
As published in their initiating research note from B. Riley Securities on December 13, 2022, H&E Equipment Services Inc [HEES] has been a Buy and the price target has been revised to $53. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid March. As of March 08, 2022, UBS has increased its “Neutral” rating to a “Buy” for HEES. Earlier on November 20, 2020, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for HEES stock which previously was a “an Underperform”.
Analyzing HEES Stock Performance
During the last five days, there has been a surge of approximately 1.45%. Over the course of the year, H&E Equipment Services Inc shares have jumped approximately 22.67%. Shares of the company reached a 52-week high of $64.97 on 03/28/24 and a 52-week low of $47.15 on 01/17/24. A 50-day SMA is recorded $56.11, while a 200-day SMA reached $48.18. Nevertheless, trading volume fell to 0.26 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for H&E Equipment Services Inc (HEES)
According to the 24-hour chart, there is a support level at 63.63, which, if violated, would cause prices to drop to 63.09. In the upper region, resistance lies at 64.85. The next price resistance is at 65.52. RSI (Relative Strength Index) is 71.60 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.57, which suggests the price will increase in the coming days. Percent R is at 8.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is H&E Equipment Services Inc subject to short interest?
Stocks of H&E Equipment Services Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by 4100.0 shares to 0.73 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.73 million shares. A decline of -0.56% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.07 of the overall float, the days-to-cover ratio (short ratio) decline to 3.07.
