Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Huntington Ingalls Industries Inc shares valued at $384,102 were sold by Hughes Edmond E. Jr. on May 20 ’24. At $256.07 per share, Hughes Edmond E. Jr. sold 1,500 shares. The insider’s holdings dropped to 8,135 shares worth approximately $2.01 million following the completion of this transaction.
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Also, Boykin Jennifer R. sold 1,043 shares, netting a total of over 262,837 in proceeds. Following the sale of shares at $252.03 each, the insider now holds 0 shares.
Before that, Green Edgar A III had sold 3,603 shares from its account. In a trade valued at $1,047,572, the Ex VP, Pres. HII Mission Tech traded Huntington Ingalls Industries Inc shares for $290.75 each. Upon closing the transaction, the insider’s holdings decreased to 3,603 shares, worth approximately $1.84 million.
As published in their initiating research note from Citigroup on May 20, 2024, Huntington Ingalls Industries Inc [HII] has been a Buy and the price target has been revised to $310. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of September 28, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for HII. Earlier on September 28, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for HII stock.
Analyzing HII Stock Performance
During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, Huntington Ingalls Industries Inc shares have dropped approximately -5.01%. Shares of the company reached a 52-week high of $299.50 on 03/05/24 and a 52-week low of $234.59 on 06/14/24. A 50-day SMA is recorded $253.15, while a 200-day SMA reached $253.26. Nevertheless, trading volume fell to 0.12 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for Huntington Ingalls Industries Inc (HII)
According to the 24-hour chart, there is a support level at 245.15, which, if violated, would cause prices to drop to 244.17. In the upper region, resistance lies at 248.07. The next price resistance is at 250.01. RSI (Relative Strength Index) is 44.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 38.83%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
