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Taking a Closer Look At Heartland Express, Inc. (HTLD) Following Its Recent Trade

Heartland Express, Inc.’s recent filing unveils that its Chief Executive Officer GERDIN MICHAEL J acquired Company’s shares for reported $1.01 million on May 03 ’24. In the deal valued at $10.81 per share,93,496 shares were bought. As a result of this transaction, GERDIN MICHAEL J now holds 290,010 shares worth roughly $3.31 million.

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Then, Ann S. Gerdin Revocable Trust bought 8,089 shares, generating $86,899 in total proceeds. Upon buying the shares at $10.74, the Co-Trustee of 10% Owner now owns 849,078 shares.

Before that, GERDIN MICHAEL J bought 14,109 shares. Heartland Express, Inc. shares valued at $144,531 were divested by the Chief Executive Officer at a price of $10.24 per share. As a result of the transaction, GERDIN MICHAEL J now holds 196,514 shares, worth roughly $2.24 million.

UBS upgraded its Heartland Express, Inc. [HTLD] rating to a Buy from a a Neutral in a research note published on November 11, 2022; the price target was increased to $18 from $17. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “an Equal-weight”. JP Morgan also remained covering HTLD and has decreased its forecast on February 18, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Barclays revised its rating on January 26, 2022. It rated HTLD as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of HTLD

On Tuesday, Heartland Express, Inc. [NASDAQ:HTLD] saw its stock fall -1.55% to $11.42. Over the last five days, the stock has gained 4.39%. Heartland Express, Inc. shares have fallen nearly -19.92% since the year began. Nevertheless, the stocks have fallen -24.62% over the past one year. While a 52-week high of $17.08 was reached on 01/02/24, a 52-week low of $9.63 was recorded on 04/30/24. SMA at 50 days reached $11.16, while 200 days put it at $13.28. A total of 0.4 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For HTLD Stock

The 24-hour chart illustrates a support level at 11.26, which if violated will result in even more drops to 11.09. On the upside, there is a resistance level at 11.71. A further resistance level may holdings at 11.99. The Relative Strength Index (RSI) on the 14-day chart is 59.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.64%. Stochastics %K at 92.34% indicates the stock is a selling.

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