In a filing, Huntington Bancshares, Inc. revealed its Senior Exec. V.P. Syal Rajeev unloaded Company’s shares for reported $0.15 million on May 02 ’24. In the deal valued at $13.76 per share,11,155 shares were sold. As a result of this transaction, Syal Rajeev now holds 279,733 shares worth roughly $3.89 million.
Then, Syal Rajeev sold 11,627 shares, generating $158,931 in total proceeds. Upon selling the shares at $13.67, the Senior Exec. V.P. now owns 329,607 shares.
Before that, Kleinman Scott D sold 51,689 shares. Huntington Bancshares, Inc. shares valued at $695,217 were divested by the Senior Exec. V.P. at a price of $13.45 per share. As a result of the transaction, Kleinman Scott D now holds 427,910 shares, worth roughly $5.96 million.
Jefferies upgraded its Huntington Bancshares, Inc. [HBAN] rating to a Buy from a a Hold in a research note published on April 08, 2024; the price target was increased to $16 from $14. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. DA Davidson also remained covering HBAN and has increased its forecast on February 27, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on February 14, 2024. It rated HBAN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HBAN
On Monday, Huntington Bancshares, Inc. [NASDAQ:HBAN] saw its stock jump 0.87% to $13.92. Over the last five days, the stock has gained 2.58%. Huntington Bancshares, Inc. shares have risen nearly 9.43% since the year began. Nevertheless, the stocks have risen 47.46% over the past one year. While a 52-week high of $14.07 was reached on 04/09/24, a 52-week low of $9.13 was recorded on 01/18/24. SMA at 50 days reached $13.44, while 200 days put it at $11.96. A total of 8.58 million shares were traded, compared to the trading of 9.18 million shares in the previous session.
Levels Of Support And Resistance For HBAN Stock
The 24-hour chart illustrates a support level at 13.83, which if violated will result in even more drops to 13.73. On the upside, there is a resistance level at 13.99. A further resistance level may holdings at 14.05. The Relative Strength Index (RSI) on the 14-day chart is 61.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.45%. Stochastics %K at 87.77% indicates the stock is a selling.
