Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Healthequity Inc shares valued at $2,576,847 were sold by Dilsaver Evelyn S on Mar 26 ’24. At $79.29 per share, Dilsaver Evelyn S sold 32,500 shares. The insider’s holdings dropped to 32,123 shares worth approximately $2.61 million following the completion of this transaction.
Also, Kessler Jon sold 33,765 shares, netting a total of over 2,694,731 in proceeds. Following the sale of shares at $79.81 each, the insider now holds 126,635 shares.
Before that, Ladd Delano had sold 2,558 shares from its account. In a trade valued at $211,265, the EVP, GC & CORPORATE SECRETARY traded Healthequity Inc shares for $82.59 each. Upon closing the transaction, the insider’s holdings decreased to 2,558 shares, worth approximately $3.86 million.
As published in their initiating research note from JMP Securities on April 04, 2024, Healthequity Inc [HQY] has been a Mkt outperform and the price target has been revised to $101. Analysts at JP Morgan resumed the stock at ‘”an Overweight”‘ outlook in a report released in early April. As of January 03, 2024, Barclays has initiated its “an Overweight” rating for HQY. Earlier on September 21, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for HQY stock which previously was a “a Neutral”.
Analyzing HQY Stock Performance
During the last five days, there has been a surge of approximately 1.75%. Over the course of the year, Healthequity Inc shares have jumped approximately 22.62%. Shares of the company reached a 52-week high of $84.49 on 03/20/24 and a 52-week low of $66.00 on 01/02/24. A 50-day SMA is recorded $80.48, while a 200-day SMA reached $71.68. Nevertheless, trading volume fell to 0.74 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Healthequity Inc (HQY)
According to the 24-hour chart, there is a support level at 78.75, which, if violated, would cause prices to drop to 76.19. In the upper region, resistance lies at 82.92. The next price resistance is at 84.54. RSI (Relative Strength Index) is 53.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 36.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Healthequity Inc subject to short interest?
Stocks of Healthequity Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.14 million shares to 3.04 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.9 million shares. A jump of 4.61% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.91 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.91.
