Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Haverty Furniture Cos., Inc. shares valued at $223,256 were sold by BURDETTE STEVEN G on Feb 29 ’24. At $34.35 per share, BURDETTE STEVEN G sold 6,500 shares. The insider’s holdings dropped to 16,663 shares worth approximately $0.41 million following the completion of this transaction.
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Also, Gill John Linwood sold 4,000 shares, netting a total of over 129,885 in proceeds. Following the sale of shares at $32.47 each, the insider now holds 16,477 shares.
Before that, HAVERTY RAWSON JR had sold 3,519 shares from its account. In a trade valued at $111,098, the Director traded Haverty Furniture Cos., Inc. shares for $31.57 each. Upon closing the transaction, the insider’s holdings decreased to 3,519 shares, worth approximately $0.0.
As published in their initiating research note from The Benchmark Company on July 11, 2023, Haverty Furniture Cos., Inc. [HVT] has been a Buy and the price target has been revised to $41. Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of October 10, 2016, Raymond James has decreased its “Strong buy” rating to a “Mkt perform” for HVT. Earlier on August 02, 2016, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for HVT stock which previously was a “an Outperform”.
Analyzing HVT Stock Performance
During the last five days, there has been a drop of approximately -0.94%. Over the course of the year, Haverty Furniture Cos., Inc. shares have dropped approximately -31.41%. Shares of the company reached a 52-week high of $37.05 on 02/15/24 and a 52-week low of $23.97 on 06/25/24. A 50-day SMA is recorded $27.83, while a 200-day SMA reached $30.92. Nevertheless, trading volume fell to 67614.0 shares from 0.13 million shares the previous day.
Support And Resistance Levels for Haverty Furniture Cos., Inc. (HVT)
According to the 24-hour chart, there is a support level at 23.83, which, if violated, would cause prices to drop to 23.63. In the upper region, resistance lies at 24.44. The next price resistance is at 24.85. RSI (Relative Strength Index) is 37.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 98.28%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
