Hibbett Inc’s recently made public that its SVP Marketing and Digital QUINN WILLIAM G unloaded Company’s shares for reported $0.17 million on Dec 01 ’23. In the deal valued at $65.27 per share,2,632 shares were sold. As a result of this transaction, QUINN WILLIAM G now holds 14,452 shares worth roughly $1.04 million.
Then, BLAHNIK RONALD P sold 2,200 shares, generating $129,470 in total proceeds. Upon selling the shares at $58.85, the SVP and CIO now owns 41,979 shares.
Before that, Benck David Mitchell bought 2,000 shares. Hibbett Inc shares valued at $72,180 were divested by the SVP General Counsel at a price of $36.09 per share. As a result of the transaction, Benck David Mitchell now holds 24,048 shares, worth roughly $1.74 million.
Monness Crespi & Hardt reiterated its Hibbett Inc [HIBB] rating to a Buy in a research note published on March 18, 2024; the price target was $82. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in mid March from “an Outperform” to “a Market perform”. Telsey Advisory Group also remained covering HIBB and reiterated its “an Outperform” recommendation on March 13, 2024. Telsey Advisory Group maintained its rating on November 22, 2023. It rated HIBB as “an Outperform”.
Price Performance Review of HIBB
On Tuesday, Hibbett Inc [NASDAQ:HIBB] saw its stock fall -1.57% to $72.27. Over the last five days, the stock has lost -0.26%. Hibbett Inc shares have risen nearly 0.35% since the year began. Nevertheless, the stocks have risen 22.47% over the past one year. While a 52-week high of $83.00 was reached on 03/04/24, a 52-week low of $34.86 was recorded on 01/18/24. SMA at 50 days reached $73.49, while 200 days put it at $56.58. A total of 0.27 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For HIBB Stock
The 24-hour chart illustrates a support level at 70.85, which if violated will result in even more drops to 69.43. On the upside, there is a resistance level at 73.68. A further resistance level may holdings at 75.09. The Relative Strength Index (RSI) on the 14-day chart is 47.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.55%. Stochastics %K at 47.81% indicates the stock is a holding.
How much short interest is there in Hibbett Inc?
A steep rise in short interest was recorded in Hibbett Inc stocks on Mar 28, 2024, dropping by -0.26 million shares to a total of 1.49 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.75 million shares. There was a decline of -17.45%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 15.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.41.
The most recent change occurred on November 22, 2023 when Monness Crespi & Hardt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $72.
