Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Robert Half Inc shares valued at $154,704 were sold by Kempthorne Dirk A on May 08 ’24. At $69.66 per share, Kempthorne Dirk A sold 2,221 shares. The insider’s holdings dropped to 10,713 shares worth approximately $0.75 million following the completion of this transaction.
Also, GLASS ROBERT W sold 7,500 shares, netting a total of over 603,460 in proceeds. Following the sale of shares at $80.46 each, the insider now holds 186,062 shares.
Before that, GLASS ROBERT W had sold 15,365 shares from its account. In a trade valued at $1,251,616, the Executive Vice President traded Robert Half Inc shares for $81.46 each. Upon closing the transaction, the insider’s holdings decreased to 15,365 shares, worth approximately $13.65 million.
As published in a research note from Truist on April 22, 2024, Robert Half Inc [RHI] has been rated up from a Sell to a Hold and the price target has been revised to $72. Analysts at UBS started covering the stock with ‘”a Sell”‘ outlook in a report released in early November. As of June 20, 2023, Redburn has initiated its “Neutral” rating for RHI. Earlier on June 01, 2023, UBS initiated its rating. Their recommendation was “a Buy” for RHI stock.
Analyzing RHI Stock Performance
During the last five days, there has been a surge of approximately 0.82%. Over the course of the year, Robert Half Inc shares have dropped approximately -20.21%. Shares of the company reached a 52-week high of $87.78 on 01/02/24 and a 52-week low of $66.90 on 04/26/24. A 50-day SMA is recorded $75.14, while a 200-day SMA reached $77.50. Nevertheless, trading volume fell to 0.82 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Robert Half Inc (RHI)
According to the 24-hour chart, there is a support level at 69.61, which, if violated, would cause prices to drop to 69.07. In the upper region, resistance lies at 70.48. The next price resistance is at 70.81. RSI (Relative Strength Index) is 38.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 44.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
