Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Heartland Express, Inc. shares valued at $927,536 were purchased by GERDIN MICHAEL J on Apr 30 ’24. At $9.92 per share, GERDIN MICHAEL J acquired 93,496 shares. The insider’s holdings grew to 182,405 shares worth approximately $1.93 million following the completion of this transaction.
Also, Ann S. Gerdin Revocable Trust purchased 93,496 shares, netting a total of over 922,020 in proceeds. Following the buying of shares at $9.86 each, the insider now holds 770,704 shares.
Before that, Ann S. Gerdin Revocable Trust had added 93,496 shares to its account. In a trade valued at $946,095, the Co-Trustee of 10% Owner bought Heartland Express, Inc. shares for $10.12 each. Upon closing the transaction, the insider’s holdings increased to 93,496 shares, worth approximately $7.17 million.
As published in a research note from UBS on November 11, 2022, Heartland Express, Inc. [HTLD] has been rated up from a Neutral to a Buy and the price target has been revised to $18 from $17. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid March. As of February 18, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for HTLD. Earlier on January 26, 2022, Barclays downgraded its rating. Their new recommendation was “an Underweight” for HTLD stock which previously was a “an Equal weight”.
Analyzing HTLD Stock Performance
During the last five days, there has been a surge of approximately 4.85%. Over the course of the year, Heartland Express, Inc. shares have dropped approximately -25.74%. Shares of the company reached a 52-week high of $14.30 on 01/02/24 and a 52-week low of $9.63 on 04/30/24. A 50-day SMA is recorded $11.39, while a 200-day SMA reached $13.49. Nevertheless, trading volume fell to 0.6 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Heartland Express, Inc. (HTLD)
According to the 24-hour chart, there is a support level at 10.40, which, if violated, would cause prices to drop to 10.22. In the upper region, resistance lies at 10.82. The next price resistance is at 11.06. RSI (Relative Strength Index) is 47.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 32.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
