Heritage Commerce Corp.’s filing revealed that its Director Conner Jack W unloaded Company’s shares for reported $61941.0 on Jan 31 ’24. In the deal valued at $8.92 per share,6,944 shares were sold. As a result of this transaction, Conner Jack W now holds 102,501 shares worth roughly $0.81 million.
Then, Conner Jack W bought 5,000 shares, generating $36,844 in total proceeds. Upon buying the shares at $7.37, the Director now owns 44,344 shares.
Before that, Conner Jack W bought 10,000 shares. Heritage Commerce Corp. shares valued at $76,083 were divested by the Director at a price of $7.61 per share. As a result of the transaction, Conner Jack W now holds 39,344 shares, worth roughly $0.31 million.
Stephens downgraded its Heritage Commerce Corp. [HTBK] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late October from “a Strong buy” to “an Outperform”. Stephens began covering HTBK with “an Overweight” recommendation on December 28, 2021. DA Davidson revised its rating on December 15, 2021. It rated HTBK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HTBK
On Tuesday, Heritage Commerce Corp. [NASDAQ:HTBK] saw its stock fall -0.51% to $7.88. Over the last five days, the stock has lost -4.14%. Heritage Commerce Corp. shares have fallen nearly -20.56% since the year began. Nevertheless, the stocks have fallen -0.76% over the past one year. While a 52-week high of $10.22 was reached on 01/02/24, a 52-week low of $6.69 was recorded on 04/16/24. SMA at 50 days reached $8.27, while 200 days put it at $8.77. A total of 0.28 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For HTBK Stock
The 24-hour chart illustrates a support level at 7.77, which if violated will result in even more drops to 7.66. On the upside, there is a resistance level at 7.96. A further resistance level may holdings at 8.04. The Relative Strength Index (RSI) on the 14-day chart is 36.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.27%. Stochastics %K at 16.48% indicates the stock is a buying.
