Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Heritage Commerce Corp. shares valued at $61,941 were sold by Conner Jack W on Jan 31 ’24. At $8.92 per share, Conner Jack W sold 6,944 shares. The insider’s holdings dropped to 102,501 shares worth approximately $0.84 million following the completion of this transaction.
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As published in a research note from Stephens on August 11, 2023, Heritage Commerce Corp. [HTBK] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $10. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of December 28, 2021, Stephens has initiated its “an Overweight” rating for HTBK. Earlier on December 15, 2021, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for HTBK stock which previously was a “a Neutral”.
Analyzing HTBK Stock Performance
During the last five days, there has been a drop of approximately -3.09%. Over the course of the year, Heritage Commerce Corp. shares have dropped approximately -17.84%. Shares of the company reached a 52-week high of $10.06 on 01/02/24 and a 52-week low of $7.66 on 04/26/24. A 50-day SMA is recorded $8.22, while a 200-day SMA reached $8.64. Nevertheless, trading volume fell to 0.64 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Heritage Commerce Corp. (HTBK)
According to the 24-hour chart, there is a support level at 8.05, which, if violated, would cause prices to drop to 7.95. In the upper region, resistance lies at 8.30. The next price resistance is at 8.44. RSI (Relative Strength Index) is 44.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 79.63%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
