Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NMI Holdings Inc shares valued at $93,556 were sold by Smith Robert Owen on Mar 21 ’24. At $31.19 per share, Smith Robert Owen sold 3,000 shares. The insider’s holdings dropped to 82,612 shares worth approximately $2.76 million following the completion of this transaction.
Also, Realmuto Nicholas Daniel sold 1,803 shares, netting a total of over 54,238 in proceeds. Following the sale of shares at $30.08 each, the insider now holds 10,128 shares.
Before that, Yousaf Mohammad Nawaz had sold 1,117 shares from its account. In a trade valued at $33,459, the EVP, Operations & Info. Tech. traded NMI Holdings Inc shares for $29.95 each. Upon closing the transaction, the insider’s holdings decreased to 1,117 shares, worth approximately $1.1 million.
As published in their initiating research note from UBS on December 06, 2023, NMI Holdings Inc [NMIH] has been a Buy and the price target has been revised to $36. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid November. As of October 17, 2023, BofA Securities has initiated its “Buy” rating for NMIH. Earlier on January 06, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for NMIH stock which previously was a “an Overweight”.
Analyzing NMIH Stock Performance
During the last five days, there has been a surge of approximately 5.59%. Over the course of the year, NMI Holdings Inc shares have jumped approximately 12.60%. Shares of the company reached a 52-week high of $33.97 on 05/07/24 and a 52-week low of $28.67 on 01/11/24. A 50-day SMA is recorded $30.76, while a 200-day SMA reached $29.15. Nevertheless, trading volume fell to 0.55 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for NMI Holdings Inc (NMIH)
According to the 24-hour chart, there is a support level at 33.04, which, if violated, would cause prices to drop to 32.66. In the upper region, resistance lies at 33.79. The next price resistance is at 34.16. RSI (Relative Strength Index) is 72.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.85, which suggests the price will increase in the coming days. Percent R is at 12.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
