Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. H&E Equipment Services Inc shares valued at $788,242 were sold by Barber Bradley W on Mar 26 ’24. At $63.44 per share, Barber Bradley W sold 12,425 shares. The insider’s holdings dropped to 196,653 shares worth approximately $8.56 million following the completion of this transaction.
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Also, Barber Bradley W sold 1,092 shares, netting a total of over 69,255 in proceeds. Following the sale of shares at $63.42 each, the insider now holds 209,078 shares.
Before that, Barber Bradley W had sold 11,483 shares from its account. In a trade valued at $728,252, the CEO traded H&E Equipment Services Inc shares for $63.42 each. Upon closing the transaction, the insider’s holdings decreased to 11,483 shares, worth approximately $9.15 million.
As published in their initiating research note from Raymond James on June 28, 2024, H&E Equipment Services Inc [HEES] has been a Mkt perform. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of March 11, 2022, Wells Fargo has initiated its “an Overweight” rating for HEES. Earlier on March 08, 2022, UBS upgraded its rating. Their new recommendation was “a Buy” for HEES stock which previously was a “a Neutral”.
Analyzing HEES Stock Performance
During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, H&E Equipment Services Inc shares have dropped approximately -16.80%. Shares of the company reached a 52-week high of $66.18 on 04/08/24 and a 52-week low of $42.23 on 06/17/24. A 50-day SMA is recorded $47.38, while a 200-day SMA reached $49.89. Nevertheless, trading volume fell to 0.12 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for H&E Equipment Services Inc (HEES)
According to the 24-hour chart, there is a support level at 42.99, which, if violated, would cause prices to drop to 42.46. In the upper region, resistance lies at 43.88. The next price resistance is at 44.24. RSI (Relative Strength Index) is 40.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 60.52%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
