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Heartland Express, Inc. [HTLD] Records 50-Day SMA of $11.37

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Heartland Express, Inc. shares valued at $107,619 were purchased by PRATT JAMES G on Jun 12 ’24. At $11.96 per share, PRATT JAMES G acquired 9,000 shares. The insider’s holdings grew to 23,429 shares worth approximately $0.28 million following the completion of this transaction.

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Also, GERDIN MICHAEL J purchased 93,496 shares, netting a total of over 1,010,776 in proceeds. Following the buying of shares at $10.81 each, the insider now holds 290,010 shares.

Before that, Ann S. Gerdin Revocable Trust had added 8,089 shares to its account. In a trade valued at $86,899, the Co-Trustee of 10% Owner bought Heartland Express, Inc. shares for $10.74 each. Upon closing the transaction, the insider’s holdings increased to 8,089 shares, worth approximately $10.24 million.

As published in a research note from UBS on November 11, 2022, Heartland Express, Inc. [HTLD] has been rated up from a Neutral to a Buy and the price target has been revised to $18 from $17. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid March. As of February 18, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for HTLD. Earlier on January 26, 2022, Barclays downgraded its rating. Their new recommendation was “an Underweight” for HTLD stock which previously was a “an Equal weight”.

Analyzing HTLD Stock Performance

During the last five days, there has been a drop of approximately -1.79%. Over the course of the year, Heartland Express, Inc. shares have dropped approximately -15.43%. Shares of the company reached a 52-week high of $14.30 on 01/02/24 and a 52-week low of $9.63 on 04/30/24. A 50-day SMA is recorded $11.37, while a 200-day SMA reached $12.65. Nevertheless, trading volume fell to 0.22 million shares from 0.44 million shares the previous day.

Support And Resistance Levels for Heartland Express, Inc. (HTLD)

According to the 24-hour chart, there is a support level at 11.93, which, if violated, would cause prices to drop to 11.80. In the upper region, resistance lies at 12.31. The next price resistance is at 12.56. RSI (Relative Strength Index) is 58.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 37.00%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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