NMI Holdings Inc’s recent filing unveils that its EVP, Chief Risk Officer Smith Robert Owen unloaded Company’s shares for reported $93556.0 on Mar 21 ’24. In the deal valued at $31.19 per share,3,000 shares were sold. As a result of this transaction, Smith Robert Owen now holds 82,612 shares worth roughly $2.69 million.
Then, Realmuto Nicholas Daniel sold 1,803 shares, generating $54,238 in total proceeds. Upon selling the shares at $30.08, the VP, Controller now owns 10,128 shares.
Before that, Yousaf Mohammad Nawaz sold 1,117 shares. NMI Holdings Inc shares valued at $33,459 were divested by the EVP, Operations & Info. Tech. at a price of $29.95 per share. As a result of the transaction, Yousaf Mohammad Nawaz now holds 32,909 shares, worth roughly $1.07 million.
UBS initiated its NMI Holdings Inc [NMIH] rating to a Buy in a research note published on December 06, 2023; the price target was $36. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid November with a ‘”an Overweight”‘ rating. BofA Securities began covering NMIH with “Buy” recommendation on October 17, 2023. Barclays revised its rating on January 06, 2023. It rated NMIH as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of NMIH
On Friday, NMI Holdings Inc [NASDAQ:NMIH] saw its stock jump 0.12% to $32.51. Over the last five days, the stock has gained 4.50%. NMI Holdings Inc shares have risen nearly 9.54% since the year began. Nevertheless, the stocks have risen 40.80% over the past one year. While a 52-week high of $32.66 was reached on 05/03/24, a 52-week low of $22.49 was recorded on 01/11/24. SMA at 50 days reached $30.52, while 200 days put it at $29.05. A total of 0.62 million shares were traded, compared to the trading of 0.81 million shares in the previous session.
Levels Of Support And Resistance For NMIH Stock
The 24-hour chart illustrates a support level at 31.97, which if violated will result in even more drops to 31.44. On the upside, there is a resistance level at 32.92. A further resistance level may holdings at 33.34. The Relative Strength Index (RSI) on the 14-day chart is 69.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.73%. Stochastics %K at 86.34% indicates the stock is a selling.
