Heartland Express, Inc.’s filing revealed that its Co-Trustee of 10% Owner Ann S. Gerdin Revocable Trust acquired Company’s shares for reported $0.19 million on Feb 22 ’24. In the deal valued at $12.39 per share,14,933 shares were bought. As a result of this transaction, Ann S. Gerdin Revocable Trust now holds 159,865 shares worth roughly $1.74 million.
Then, GERDIN MICHAEL J bought 18,034 shares, generating $247,017 in total proceeds. Upon buying the shares at $13.70, the Chief Executive Officer now owns 57,709 shares.
Before that, GERDIN MICHAEL J bought 64,475 shares. Heartland Express, Inc. shares valued at $901,130 were divested by the Chief Executive Officer at a price of $13.98 per share. As a result of the transaction, GERDIN MICHAEL J now holds 452,594 shares, worth roughly $4.93 million.
UBS upgraded its Heartland Express, Inc. [HTLD] rating to a Buy from a a Neutral in a research note published on November 11, 2022; the price target was increased to $18 from $17. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “an Equal-weight”. JP Morgan also remained covering HTLD and has decreased its forecast on February 18, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Barclays revised its rating on January 26, 2022. It rated HTLD as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of HTLD
On Tuesday, Heartland Express, Inc. [NASDAQ:HTLD] saw its stock fall -1.54% to $10.89. Over the last five days, the stock has lost -1.54%. Heartland Express, Inc. shares have fallen nearly -23.63% since the year began. Nevertheless, the stocks have fallen -28.68% over the past one year. While a 52-week high of $17.08 was reached on 01/02/24, a 52-week low of $10.83 was recorded on 04/02/24. SMA at 50 days reached $12.23, while 200 days put it at $13.95. A total of 0.32 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For HTLD Stock
The 24-hour chart illustrates a support level at 10.77, which if violated will result in even more drops to 10.65. On the upside, there is a resistance level at 11.11. A further resistance level may holdings at 11.33. The Relative Strength Index (RSI) on the 14-day chart is 33.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.08%. Stochastics %K at 9.84% indicates the stock is a buying.
How much short interest is there in Heartland Express, Inc.?
A steep rise in short interest was recorded in Heartland Express, Inc. stocks on Mar 28, 2024, dropping by -0.67 million shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 2.1 million shares. There was a decline of -46.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.61% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.62.
