Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Armada Hoffler Properties Inc shares valued at $9,364 were purchased by KIRK A RUSSELL on Apr 04 ’24. At $10.26 per share, KIRK A RUSSELL acquired 913 shares. The insider’s holdings grew to 46,593 shares worth approximately $0.49 million following the completion of this transaction.
Also, Wimbush Frederick Blair purchased 89 shares, netting a total of over 935 in proceeds. Following the buying of shares at $10.46 each, the insider now holds 4,653 shares.
Before that, Gartman Dennis H. had added 4,500 shares to its account. In a trade valued at $46,664, the Director bought Armada Hoffler Properties Inc shares for $10.37 each. Upon closing the transaction, the insider’s holdings increased to 4,500 shares, worth approximately $0.13 million.
As published in a research note from BofA Securities on October 25, 2021, Armada Hoffler Properties Inc [AHH] has been rated down from a Neutral to an Underperform and the price target has been revised to $13.50 from $14. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of July 23, 2021, Jefferies has initiated its “Buy” rating for AHH. Earlier on April 15, 2021, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for AHH stock which previously was a “a Neutral”.
Analyzing AHH Stock Performance
During the last five days, there has been a surge of approximately 0.66%. Over the course of the year, Armada Hoffler Properties Inc shares have dropped approximately -14.23%. Shares of the company reached a 52-week high of $12.60 on 01/08/24 and a 52-week low of $10.02 on 03/26/24. A 50-day SMA is recorded $10.47, while a 200-day SMA reached $11.18. Nevertheless, trading volume fell to 0.38 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for Armada Hoffler Properties Inc (AHH)
According to the 24-hour chart, there is a support level at 10.51, which, if violated, would cause prices to drop to 10.41. In the upper region, resistance lies at 10.74. The next price resistance is at 10.87. RSI (Relative Strength Index) is 53.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 33.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
