Highwoods Properties, Inc.’s recently made public that its Director Evans Carlos E acquired Company’s shares for reported $0.47 million on Feb 22 ’24. In the deal valued at $23.67 per share,20,000 shares were bought. As a result of this transaction, Evans Carlos E now holds 62,487 shares worth roughly $1.53 million.
Then, Leary Brian M bought 1,000 shares, generating $17,670 in total proceeds. Upon buying the shares at $17.67, the EVP & COO now owns 92,386 shares.
Deutsche Bank initiated its Highwoods Properties, Inc. [HIW] rating to a Buy in a research note published on January 30, 2024; the price target was $28. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late December from “an Equal-weight” to “an Underweight”. BofA Securities also remained covering HIW and has decreased its forecast on November 13, 2023 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on August 30, 2023. It rated HIW as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of HIW
On Friday, Highwoods Properties, Inc. [NYSE:HIW] saw its stock fall -2.51% to $24.48. Over the last five days, the stock has lost -0.41%. Highwoods Properties, Inc. shares have risen nearly 6.62% since the year began. Nevertheless, the stocks have risen 6.67% over the past one year. While a 52-week high of $26.27 was reached on 03/28/24, a 52-week low of $17.06 was recorded on 01/17/24. SMA at 50 days reached $24.28, while 200 days put it at $22.58. A total of 0.65 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For HIW Stock
The 24-hour chart illustrates a support level at 24.20, which if violated will result in even more drops to 23.92. On the upside, there is a resistance level at 24.93. A further resistance level may holdings at 25.39. The Relative Strength Index (RSI) on the 14-day chart is 47.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.49%. Stochastics %K at 32.26% indicates the stock is a holding.
