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Huntington Bancshares, Inc. (HBAN) Becoming More Attractive for Investors

Huntington Bancshares, Inc.’s filing revealed that its Chief Information Officer Kowalski Kendall A unloaded Company’s shares for reported $0.21 million on Apr 24 ’24. In the deal valued at $13.47 per share,15,948 shares were sold. As a result of this transaction, Kowalski Kendall A now holds 21,102 shares worth roughly $0.29 million.

Then, Standridge Brantley J sold 50,000 shares, generating $679,860 in total proceeds. Upon selling the shares at $13.60, the Senior Exec. V.P. now owns 385,409 shares.

Before that, Wasserman Zachary Jacob sold 30,000 shares. Huntington Bancshares, Inc. shares valued at $409,800 were divested by the CFO and Senior Exec. V.P. at a price of $13.66 per share. As a result of the transaction, Wasserman Zachary Jacob now holds 305,884 shares, worth roughly $4.15 million.

Jefferies upgraded its Huntington Bancshares, Inc. [HBAN] rating to a Buy from a a Hold in a research note published on April 08, 2024; the price target was increased to $16 from $14. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. DA Davidson also remained covering HBAN and has increased its forecast on February 27, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on February 14, 2024. It rated HBAN as “a Buy” which previously was an “a Neutral”.

Price Performance Review of HBAN

On Monday, Huntington Bancshares, Inc. [NASDAQ:HBAN] saw its stock jump 0.15% to $13.57. Over the last five days, the stock has gained 0.30%. Huntington Bancshares, Inc. shares have risen nearly 6.68% since the year began. Nevertheless, the stocks have risen 21.70% over the past one year. While a 52-week high of $14.07 was reached on 04/09/24, a 52-week low of $9.13 was recorded on 01/18/24. SMA at 50 days reached $13.35, while 200 days put it at $11.91. A total of 9.62 million shares were traded, compared to the trading of 12.21 million shares in the previous session.

Levels Of Support And Resistance For HBAN Stock

The 24-hour chart illustrates a support level at 13.49, which if violated will result in even more drops to 13.41. On the upside, there is a resistance level at 13.67. A further resistance level may holdings at 13.76. The Relative Strength Index (RSI) on the 14-day chart is 53.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.76%. Stochastics %K at 65.57% indicates the stock is a holding.

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