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Insider Sale Alert: Heritage Insurance Holdings Inc. [HRTG] – Is it Time to sell?

Heritage Insurance Holdings Inc.’s filing revealed that its Director Pappas Nicholas George unloaded Company’s shares for reported $51360.0 on May 08 ’24. In the deal valued at $8.56 per share,6,000 shares were sold. As a result of this transaction, Pappas Nicholas George now holds 75,400 shares worth roughly $0.65 million.

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Then, WHITING PAUL L bought 50,000 shares, generating $417,500 in total proceeds. Upon buying the shares at $8.35, the Director now owns 59,662 shares.

Before that, Garateix Ernie J bought 5,000 shares. Heritage Insurance Holdings Inc. shares valued at $40,950 were divested by the Chief Executive Officer at a price of $8.19 per share. As a result of the transaction, Garateix Ernie J now holds 1,062,584 shares, worth roughly $9.21 million.

JMP Securities downgraded its Heritage Insurance Holdings Inc. [HRTG] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “a Neutral”. Piper Sandler also remained covering HRTG and has increased its forecast on April 06, 2020 with a “an Overweight” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on November 05, 2019. It rated HRTG as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of HRTG

On Tuesday, Heritage Insurance Holdings Inc. [NYSE:HRTG] saw its stock fall -5.25% to $8.67. Over the last five days, the stock has lost -3.88%. Heritage Insurance Holdings Inc. shares have risen nearly 32.98% since the year began. Nevertheless, the stocks have risen 73.40% over the past one year. While a 52-week high of $11.23 was reached on 04/01/24, a 52-week low of $3.73 was recorded on 02/08/24. SMA at 50 days reached $9.57, while 200 days put it at $7.11. A total of 0.31 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For HRTG Stock

The 24-hour chart illustrates a support level at 8.41, which if violated will result in even more drops to 8.14. On the upside, there is a resistance level at 9.15. A further resistance level may holdings at 9.62. The Relative Strength Index (RSI) on the 14-day chart is 43.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.31%. Stochastics %K at 67.23% indicates the stock is a holding.

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