The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Heritage Insurance Holdings Inc. shares valued at $38,700 were purchased by WHITING PAUL L on May 28 ’24. At $7.74 per share, WHITING PAUL L acquired 5,000 shares. The insider’s holdings grew to 64,662 shares worth approximately $0.41 million following the completion of this transaction.
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Also, Pappas Nicholas George sold 6,000 shares, netting a total of over 51,360 in proceeds. Following the sale of shares at $8.56 each, the insider now holds 75,400 shares.
Before that, WHITING PAUL L had added 50,000 shares to its account. In a trade valued at $417,500, the Director bought Heritage Insurance Holdings Inc. shares for $8.35 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $0.38 million.
As published in a research note from JMP Securities on March 13, 2024, Heritage Insurance Holdings Inc. [HRTG] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of April 06, 2020, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for HRTG. Earlier on November 05, 2019, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for HRTG stock which previously was a “an Outperform”.
Analyzing HRTG Stock Performance
During the last five days, there has been a drop of approximately -10.75%. Over the course of the year, Heritage Insurance Holdings Inc. shares have dropped approximately -3.22%. Shares of the company reached a 52-week high of $11.23 on 04/01/24 and a 52-week low of $5.51 on 02/08/24. A 50-day SMA is recorded $8.32, while a 200-day SMA reached $7.48. Nevertheless, trading volume fell to 0.41 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Heritage Insurance Holdings Inc. (HRTG)
According to the 24-hour chart, there is a support level at 6.33, which, if violated, would cause prices to drop to 6.19. In the upper region, resistance lies at 6.63. The next price resistance is at 6.79. RSI (Relative Strength Index) is 24.96 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 91.72%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
