KD Logo

GSHD Shares Experience Surge in Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Goosehead Insurance Inc shares valued at $580,650 were purchased by Miller Mark on Apr 29 ’24. At $58.06 per share, Miller Mark acquired 10,000 shares. The insider’s holdings grew to 30,000 shares worth approximately $1.79 million following the completion of this transaction.

Also, Mark & Robyn Jones Descendants sold 50,000 shares, netting a total of over 3,793,343 in proceeds. Following the sale of shares at $75.87 each, the insider now holds 0 shares.

Before that, Cruzado Waded had added 250 shares to its account. In a trade valued at $18,775, the Director bought Goosehead Insurance Inc shares for $75.10 each. Upon closing the transaction, the insider’s holdings increased to 250 shares, worth approximately $20429.08.

As published in their initiating research note from TD Cowen on January 10, 2024, Goosehead Insurance Inc [GSHD] has been an Outperform and the price target has been revised to $105. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of September 20, 2023, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for GSHD. Earlier on February 06, 2023, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for GSHD stock.

Analyzing GSHD Stock Performance

During the last five days, there has been a drop of approximately -1.06%. Over the course of the year, Goosehead Insurance Inc shares have dropped approximately -21.42%. Shares of the company reached a 52-week high of $92.76 on 02/15/24 and a 52-week low of $50.47 on 04/25/24. A 50-day SMA is recorded $67.43, while a 200-day SMA reached $70.90. Nevertheless, trading volume fell to 0.67 million shares from 0.45 million shares the previous day.

Support And Resistance Levels for Goosehead Insurance Inc (GSHD)

According to the 24-hour chart, there is a support level at 58.04, which, if violated, would cause prices to drop to 56.52. In the upper region, resistance lies at 60.86. The next price resistance is at 62.16. RSI (Relative Strength Index) is 46.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 10.62%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular

[the_ad id="945"]