Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. HCI Group Inc shares valued at $55,500 were purchased by Patel Paresh on Apr 11 ’24. At $111.00 per share, Patel Paresh acquired 500 shares. The insider’s holdings grew to 349,500 shares worth approximately $31.75 million following the completion of this transaction.
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Also, Patel Paresh purchased 1,000 shares, netting a total of over 114,900 in proceeds. Following the buying of shares at $114.90 each, the insider now holds 349,000 shares.
Before that, Saravanos Anthony had sold 20,873 shares from its account. In a trade valued at $2,437,549, the Division President traded HCI Group Inc shares for $116.78 each. Upon closing the transaction, the insider’s holdings decreased to 20,873 shares, worth approximately $2.73 million.
As published in a research note from William Blair on March 08, 2024, HCI Group Inc [HCI] has been rated up from a Mkt perform to an Outperform. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid November. As of August 11, 2023, William Blair has initiated its “Mkt perform” rating for HCI. Earlier on January 19, 2023, Compass Point initiated its rating. Their recommendation was “a Buy” for HCI stock.
Analyzing HCI Stock Performance
During the last five days, there has been a drop of approximately -0.76%. Over the course of the year, HCI Group Inc shares have jumped approximately 3.94%. Shares of the company reached a 52-week high of $121.57 on 03/25/24 and a 52-week low of $81.35 on 01/17/24. A 50-day SMA is recorded $100.68, while a 200-day SMA reached $89.81. Nevertheless, trading volume fell to 71183.0 shares from 0.21 million shares the previous day.
Support And Resistance Levels for HCI Group Inc (HCI)
According to the 24-hour chart, there is a support level at 89.37, which, if violated, would cause prices to drop to 87.88. In the upper region, resistance lies at 92.58. The next price resistance is at 94.30. RSI (Relative Strength Index) is 32.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 78.28%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
