Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hibbett Inc shares valued at $171,791 were sold by QUINN WILLIAM G on Dec 01 ’23. At $65.27 per share, QUINN WILLIAM G sold 2,632 shares. The insider’s holdings dropped to 14,452 shares worth approximately $1.24 million following the completion of this transaction.
Also, BLAHNIK RONALD P sold 2,200 shares, netting a total of over 129,470 in proceeds. Following the sale of shares at $58.85 each, the insider now holds 41,979 shares.
Before that, Benck David Mitchell had added 2,000 shares to its account. In a trade valued at $72,180, the SVP General Counsel bought Hibbett Inc shares for $36.09 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $2.07 million.
As published in a research note from Monness Crespi & Hardt on March 18, 2024, Hibbett Inc [HIBB] has been retained to a Buy and the price target has been revised to $82. Analysts at Telsey Advisory Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid March. As of March 13, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for HIBB. Earlier on November 22, 2023, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for HIBB stock.
Analyzing HIBB Stock Performance
During the last five days, there has been a drop of approximately -0.43%. Over the course of the year, Hibbett Inc shares have jumped approximately 19.61%. Shares of the company reached a 52-week high of $86.85 on 05/01/24 and a 52-week low of $62.41 on 01/18/24. A 50-day SMA is recorded $75.81, while a 200-day SMA reached $59.84. Nevertheless, trading volume fell to 1.11 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for Hibbett Inc (HIBB)
According to the 24-hour chart, there is a support level at 85.81, which, if violated, would cause prices to drop to 85.48. In the upper region, resistance lies at 86.66. The next price resistance is at 87.18. RSI (Relative Strength Index) is 72.44 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.58, which suggests the price will increase in the coming days. Percent R is at 3.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
