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Potential Price Increase for H&E Equipment Services Inc (HEES) After Recent Insider Activity

In a filing, H&E Equipment Services Inc revealed its CEO Barber Bradley W unloaded Company’s shares for reported $0.79 million on Mar 26 ’24. In the deal valued at $63.44 per share,12,425 shares were sold. As a result of this transaction, Barber Bradley W now holds 196,653 shares worth roughly $9.55 million.

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Then, Barber Bradley W sold 1,092 shares, generating $69,255 in total proceeds. Upon selling the shares at $63.42, the CEO now owns 209,078 shares.

Before that, Barber Bradley W sold 11,483 shares. H&E Equipment Services Inc shares valued at $728,252 were divested by the CEO at a price of $63.42 per share. As a result of the transaction, Barber Bradley W now holds 210,170 shares, worth roughly $10.21 million.

B. Riley Securities initiated its H&E Equipment Services Inc [HEES] rating to a Buy in a research note published on December 13, 2022; the price target was $53. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. UBS also remained covering HEES and has increased its forecast on March 08, 2022 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on November 20, 2020. It rated HEES as “a Buy” which previously was an “an Underperform”.

Price Performance Review of HEES

On Tuesday, H&E Equipment Services Inc [NASDAQ:HEES] saw its stock fall -1.42% to $48.57. Over the last five days, the stock has gained 1.04%. H&E Equipment Services Inc shares have fallen nearly -7.17% since the year began. Nevertheless, the stocks have risen 38.81% over the past one year. While a 52-week high of $66.18 was reached on 04/08/24, a 52-week low of $34.75 was recorded on 05/02/24. SMA at 50 days reached $57.82, while 200 days put it at $49.98. A total of 0.26 million shares were traded, compared to the trading of 0.23 million shares in the previous session.

Levels Of Support And Resistance For HEES Stock

The 24-hour chart illustrates a support level at 47.90, which if violated will result in even more drops to 47.22. On the upside, there is a resistance level at 49.72. A further resistance level may holdings at 50.86. The Relative Strength Index (RSI) on the 14-day chart is 35.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.18%. Stochastics %K at 32.87% indicates the stock is a holding.

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