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Monitoring NMI Holdings Inc (NMIH) after recent insider movements

NMI Holdings Inc’s recently made public that its EVP, Chief Risk Officer Smith Robert Owen unloaded Company’s shares for reported $93556.0 on Mar 21 ’24. In the deal valued at $31.19 per share,3,000 shares were sold. As a result of this transaction, Smith Robert Owen now holds 82,612 shares worth roughly $2.81 million.

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Then, Realmuto Nicholas Daniel sold 1,803 shares, generating $54,238 in total proceeds. Upon selling the shares at $30.08, the VP, Controller now owns 10,128 shares.

Before that, Yousaf Mohammad Nawaz sold 1,117 shares. NMI Holdings Inc shares valued at $33,459 were divested by the EVP, Operations & Info. Tech. at a price of $29.95 per share. As a result of the transaction, Yousaf Mohammad Nawaz now holds 32,909 shares, worth roughly $1.12 million.

UBS downgraded its NMI Holdings Inc [NMIH] rating to a Neutral from a a Buy in a research note published on May 22, 2024; the price target was increased to $39 from $37. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Barclays began covering NMIH with “an Overweight” recommendation on November 15, 2023. BofA Securities started covering the stock on October 17, 2023. It rated NMIH as “a Buy”.

Price Performance Review of NMIH

On Monday, NMI Holdings Inc [NASDAQ:NMIH] saw its stock fall -0.06% to $34.02. Over the last five days, the stock has gained 0.92%. NMI Holdings Inc shares have risen nearly 14.62% since the year began. Nevertheless, the stocks have risen 32.12% over the past one year. While a 52-week high of $34.33 was reached on 07/01/24, a 52-week low of $24.83 was recorded on 01/11/24. SMA at 50 days reached $32.69, while 200 days put it at $29.99. A total of 0.6 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For NMIH Stock

The 24-hour chart illustrates a support level at 33.64, which if violated will result in even more drops to 33.25. On the upside, there is a resistance level at 34.40. A further resistance level may holdings at 34.77. The Relative Strength Index (RSI) on the 14-day chart is 61.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.26%. Stochastics%K at 87.63% indicates the stock is a selling.

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