Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. HNI Corp. shares valued at $389,070 were sold by Bridges Marshall H on Jun 05 ’24. At $45.50 per share, Bridges Marshall H sold 8,551 shares. The insider’s holdings dropped to 76,674 shares worth approximately $3.47 million following the completion of this transaction.
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Also, Meade Donna D sold 10,000 shares, netting a total of over 459,700 in proceeds. Following the sale of shares at $45.97 each, the insider now holds 32,308 shares.
Before that, Porcellato Larry B had sold 2 shares from its account. In a trade valued at $92, the Director traded HNI Corp. shares for $46.11 each. Upon closing the transaction, the insider’s holdings decreased to 2 shares, worth approximately $1.76 million.
Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of August 01, 2022, Sidoti has decreased its “Buy” rating to a “Neutral” for HNI. Earlier on March 08, 2021, Sidoti upgraded its rating. Their new recommendation was “a Buy” for HNI stock which previously was a “a Neutral”.
Analyzing HNI Stock Performance
During the last five days, there has been a surge of approximately 2.26%. Over the course of the year, HNI Corp. shares have jumped approximately 8.08%. Shares of the company reached a 52-week high of $47.60 on 05/15/24 and a 52-week low of $39.95 on 01/17/24. A 50-day SMA is recorded $44.65, while a 200-day SMA reached $41.20. Nevertheless, trading volume fell to 92629.0 shares from 0.16 million shares the previous day.
Support And Resistance Levels for HNI Corp. (HNI)
According to the 24-hour chart, there is a support level at 44.57, which, if violated, would cause prices to drop to 44.29. In the upper region, resistance lies at 45.31. The next price resistance is at 45.77. RSI (Relative Strength Index) is 54.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.74, which suggests the price will decrease in the coming days. Percent R is at 23.62%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
