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Insider Sale Alert: Hillenbrand Inc [HI] – Is it Time to sell?

Hillenbrand Inc’s filing revealed that its Sr. VP, GC & Secretary FARRELL NICHOLAS R unloaded Company’s shares for reported $0.4 million on Mar 15 ’24. In the deal valued at $47.02 per share,8,542 shares were sold. As a result of this transaction, FARRELL NICHOLAS R now holds 41,951 shares worth roughly $2.0 million.

Then, VanHimbergen Robert M bought 11,319 shares, generating $511,947 in total proceeds. Upon buying the shares at $45.23, the Sr. VP, CFO now owns 34,559 shares.

Before that, RYAN KIMBERLY K bought 5,600 shares. Hillenbrand Inc shares valued at $251,664 were divested by the President & CEO at a price of $44.94 per share. As a result of the transaction, RYAN KIMBERLY K now holds 133,604 shares, worth roughly $6.38 million.

CL King initiated its Hillenbrand Inc [HI] rating to a Strong buy in a research note published on December 19, 2023; the price target was $61. A number of analysts have revised their coverage, including Barrington Research’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. DA Davidson also remained covering HI and has increased its forecast on July 15, 2019 with a “Buy” recommendation from previously “Neutral” rating. DA Davidson started covering the stock on May 21, 2019. It rated HI as “a Neutral”.

Price Performance Review of HI

On Tuesday, Hillenbrand Inc [NYSE:HI] saw its stock fall -3.56% to $47.72. Over the last five days, the stock has lost -2.97%. Hillenbrand Inc shares have fallen nearly -0.27% since the year began. Nevertheless, the stocks have risen 4.60% over the past one year. While a 52-week high of $53.76 was reached on 04/01/24, a 52-week low of $37.19 was recorded on 01/17/24. SMA at 50 days reached $48.12, while 200 days put it at $45.17. A total of 0.31 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For HI Stock

The 24-hour chart illustrates a support level at 47.13, which if violated will result in even more drops to 46.54. On the upside, there is a resistance level at 48.80. A further resistance level may holdings at 49.87. The Relative Strength Index (RSI) on the 14-day chart is 46.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.64%. Stochastics %K at 68.82% indicates the stock is a holding.

The most recent change occurred on May 16, 2019 when Buckingham Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $53 price target.

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