Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Federated Hermes Inc shares valued at $500,327 were sold by Uhlman Paul A on Mar 05 ’24. At $36.20 per share, Uhlman Paul A sold 13,820 shares. The insider’s holdings dropped to 276,084 shares worth approximately $9.05 million following the completion of this transaction.
Also, Nusseibeh Saker Anwar sold 8,302 shares, netting a total of over 300,105 in proceeds. Following the sale of shares at $36.15 each, the insider now holds 178,176 shares.
Before that, Germain Peter J had sold 5,305 shares from its account. In a trade valued at $191,730, the EVP, CLO & Sec. traded Federated Hermes Inc shares for $36.14 each. Upon closing the transaction, the insider’s holdings decreased to 5,305 shares, worth approximately $6.99 million.
As published in their initiating research note from UBS on January 05, 2024, Federated Hermes Inc [FHI] has been a Neutral and the price target has been revised to $35. Analysts at TD Cowen started covering the stock with ‘”a Market perform”‘ outlook in a report released in early January. As of April 11, 2023, JP Morgan has increased its “an Underweight” rating to a “an Overweight” for FHI. Earlier on June 29, 2022, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for FHI stock which previously was a “a Mkt perform”.
Analyzing FHI Stock Performance
During the last five days, there has been a drop of approximately -6.26%. Over the course of the year, Federated Hermes Inc shares have dropped approximately -3.16%. Shares of the company reached a 52-week high of $37.10 on 04/09/24 and a 52-week low of $32.20 on 04/26/24. A 50-day SMA is recorded $35.44, while a 200-day SMA reached $34.14. Nevertheless, trading volume fell to 0.79 million shares from 1.47 million shares the previous day.
Support And Resistance Levels for Federated Hermes Inc (FHI)
According to the 24-hour chart, there is a support level at 32.55, which, if violated, would cause prices to drop to 32.31. In the upper region, resistance lies at 33.14. The next price resistance is at 33.49. RSI (Relative Strength Index) is 27.86 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.65, which suggests the price will decrease in the coming days. Percent R is at 87.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
