Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Heritage Insurance Holdings Inc. shares valued at $10,870 were sold by Pappas Nicholas George on Mar 26 ’24. At $10.87 per share, Pappas Nicholas George sold 1,000 shares. The insider’s holdings dropped to 81,400 shares worth approximately $0.84 million following the completion of this transaction.
Also, WHITING PAUL L purchased 20,000 shares, netting a total of over 162,800 in proceeds. Following the buying of shares at $8.14 each, the insider now holds 20,000 shares.
Before that, Pappas Nicholas George had sold 1,100 shares from its account. In a trade valued at $8,734, the Director traded Heritage Insurance Holdings Inc. shares for $7.94 each. Upon closing the transaction, the insider’s holdings decreased to 1,100 shares, worth approximately $0.85 million.
As published in a research note from JMP Securities on March 13, 2024, Heritage Insurance Holdings Inc. [HRTG] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of April 06, 2020, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for HRTG. Earlier on November 05, 2019, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for HRTG stock which previously was a “an Outperform”.
Analyzing HRTG Stock Performance
During the last five days, there has been a drop of approximately -2.00%. Over the course of the year, Heritage Insurance Holdings Inc. shares have jumped approximately 57.82%. Shares of the company reached a 52-week high of $11.23 on 04/01/24 and a 52-week low of $5.51 on 02/08/24. A 50-day SMA is recorded $9.07, while a 200-day SMA reached $6.82. Nevertheless, trading volume fell to 0.4 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Heritage Insurance Holdings Inc. (HRTG)
According to the 24-hour chart, there is a support level at 10.00, which, if violated, would cause prices to drop to 9.72. In the upper region, resistance lies at 10.52. The next price resistance is at 10.76. RSI (Relative Strength Index) is 59.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 25.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
