Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Robert Half Inc shares valued at $603,460 were sold by GLASS ROBERT W on Mar 07 ’24. At $80.46 per share, GLASS ROBERT W sold 7,500 shares. The insider’s holdings dropped to 186,062 shares worth approximately $12.94 million following the completion of this transaction.
Also, GLASS ROBERT W sold 15,365 shares, netting a total of over 1,251,616 in proceeds. Following the sale of shares at $81.46 each, the insider now holds 194,562 shares.
Before that, GLASS ROBERT W had sold 14,751 shares from its account. In a trade valued at $1,108,513, the Executive Vice President traded Robert Half Inc shares for $75.15 each. Upon closing the transaction, the insider’s holdings decreased to 14,751 shares, worth approximately $14.6 million.
As published in their initiating research note from UBS on November 07, 2023, Robert Half Inc [RHI] has been a Sell and the price target has been revised to $60. Analysts at Redburn started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid June. As of June 01, 2023, UBS has initiated its “Buy” rating for RHI. Earlier on January 05, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “an Underperform” for RHI stock.
Analyzing RHI Stock Performance
During the last five days, there has been a drop of approximately -4.92%. Over the course of the year, Robert Half Inc shares have dropped approximately -20.88%. Shares of the company reached a 52-week high of $87.78 on 01/02/24 and a 52-week low of $69.29 on 04/17/24. A 50-day SMA is recorded $78.23, while a 200-day SMA reached $78.29. Nevertheless, trading volume fell to 1.34 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for Robert Half Inc (RHI)
According to the 24-hour chart, there is a support level at 68.99, which, if violated, would cause prices to drop to 68.41. In the upper region, resistance lies at 70.63. The next price resistance is at 71.70. RSI (Relative Strength Index) is 24.72 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.83, which suggests the price will decrease in the coming days. Percent R is at 97.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
