The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. HomeStreet Inc shares valued at $25,052 were purchased by Harrell Joanne R on Mar 15 ’24. At $14.87 per share, Harrell Joanne R acquired 1,685 shares. The insider’s holdings grew to 14,907 shares worth approximately $0.16 million following the completion of this transaction.
Also, MICHEL JOHN purchased 10,000 shares, netting a total of over 59,880 in proceeds. Following the buying of shares at $5.99 each, the insider now holds 50,000 shares.
Before that, Hand Erik D had added 3,167 shares to its account. In a trade valued at $19,794, the EVP, Mortgage Lending Director bought HomeStreet Inc shares for $6.25 each. Upon closing the transaction, the insider’s holdings increased to 3,167 shares, worth approximately $0.13 million.
As published in a research note from Wedbush on April 26, 2023, HomeStreet Inc [HMST] has been rated down from an Outperform to a Neutral and the price target has been revised to $12 from $21. Analysts at Piper Sandler upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of January 31, 2023, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for HMST. Earlier on June 14, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for HMST stock which previously was a “a Buy”.
Analyzing HMST Stock Performance
During the last five days, there has been a drop of approximately -10.59%. Over the course of the year, HomeStreet Inc shares have jumped approximately 6.50%. Shares of the company reached a 52-week high of $15.82 on 01/16/24 and a 52-week low of $9.53 on 01/03/24. A 50-day SMA is recorded $13.87, while a 200-day SMA reached $10.32. Nevertheless, trading volume fell to 0.61 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for HomeStreet Inc (HMST)
According to the 24-hour chart, there is a support level at 10.16, which, if violated, would cause prices to drop to 9.35. In the upper region, resistance lies at 11.93. The next price resistance is at 12.88. RSI (Relative Strength Index) is 27.84 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 77.57%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
