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HNI Corp. [HNI] Investment Appeal on the Rise

In a filing, HNI Corp. revealed its Director Porcellato Larry B unloaded Company’s shares for reported $88000.0 on Mar 18 ’24. In the deal valued at $44.00 per share,2,000 shares were sold. As a result of this transaction, Porcellato Larry B now holds 40,718 shares worth roughly $1.71 million.

Then, CALADO MIGUEL M sold 1,500 shares, generating $66,000 in total proceeds. Upon selling the shares at $44.00, the Director now owns 35,489 shares.

Before that, Bell Mary A sold 2,898 shares. HNI Corp. shares valued at $124,991 were divested by the Director at a price of $43.13 per share. As a result of the transaction, Bell Mary A now holds 76,183 shares, worth roughly $3.2 million.

A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Sidoti also remained covering HNI and has decreased its forecast on August 01, 2022 with a “Neutral” recommendation from previously “Buy” rating. Sidoti revised its rating on March 08, 2021. It rated HNI as “a Buy” which previously was an “a Neutral”.

Price Performance Review of HNI

On Tuesday, HNI Corp. [NYSE:HNI] saw its stock fall -2.42% to $41.95. Over the last five days, the stock has lost -3.27%. HNI Corp. shares have risen nearly 0.29% since the year began. Nevertheless, the stocks have risen 61.47% over the past one year. While a 52-week high of $45.47 was reached on 03/28/24, a 52-week low of $24.81 was recorded on 01/17/24. SMA at 50 days reached $43.23, while 200 days put it at $38.08. A total of 0.4 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For HNI Stock

The 24-hour chart illustrates a support level at 41.26, which if violated will result in even more drops to 40.56. On the upside, there is a resistance level at 42.85. A further resistance level may holdings at 43.74. The Relative Strength Index (RSI) on the 14-day chart is 43.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.27%. Stochastics %K at 58.04% indicates the stock is a holding.

The most recent change occurred on May 22, 2020 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating .

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