Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Haemonetics Corp. shares valued at $218,975 were sold by Lingamneni Anila on May 06 ’24. At $95.00 per share, Lingamneni Anila sold 2,305 shares. The insider’s holdings dropped to 12,295 shares worth approximately $1.15 million following the completion of this transaction.
Also, Strong Stewart W sold 228 shares, netting a total of over 20,668 in proceeds. Following the sale of shares at $90.65 each, the insider now holds 16,221 shares.
Before that, Lingamneni Anila had sold 2,305 shares from its account. In a trade valued at $207,450, the EVP, Chief Technology Officer traded Haemonetics Corp. shares for $90.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,305 shares, worth approximately $1.35 million.
As published in their initiating research note from Mizuho on October 13, 2022, Haemonetics Corp. [HAE] has been a Buy and the price target has been revised to $90. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of December 15, 2021, Citigroup has decreased its “Buy” rating to a “Neutral” for HAE.
Analyzing HAE Stock Performance
During the last five days, there has been a surge of approximately 1.22%. Over the course of the year, Haemonetics Corp. shares have jumped approximately 9.05%. Shares of the company reached a 52-week high of $97.13 on 05/07/24 and a 52-week low of $70.74 on 02/14/24. A 50-day SMA is recorded $83.37, while a 200-day SMA reached $85.01. Nevertheless, trading volume fell to 0.91 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Haemonetics Corp. (HAE)
According to the 24-hour chart, there is a support level at 92.40, which, if violated, would cause prices to drop to 91.55. In the upper region, resistance lies at 94.70. The next price resistance is at 96.16. RSI (Relative Strength Index) is 67.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.47, which suggests the price will increase in the coming days. Percent R is at 22.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
