Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Turtle Beach Corp shares valued at $33,908 were purchased by Jimenez Terry on Jun 11 ’24. At $15.07 per share, Jimenez Terry acquired 2,250 shares. The insider’s holdings grew to 50,009 shares worth approximately $0.71 million following the completion of this transaction.
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Also, Jimenez Terry purchased 2,750 shares, netting a total of over 42,488 in proceeds. Following the buying of shares at $15.45 each, the insider now holds 47,759 shares.
Before that, Ballard Lloyd Gregory had sold 5,042 shares from its account. In a trade valued at $83,344, the Director traded Turtle Beach Corp shares for $16.53 each. Upon closing the transaction, the insider’s holdings decreased to 5,042 shares, worth approximately $0.58 million.
As published in a research note from Maxim Group on May 05, 2023, Turtle Beach Corp [HEAR] has been retained to a Buy and the price target has been revised to $16. Analysts at ROTH Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of August 09, 2022, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for HEAR. Earlier on August 09, 2022, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for HEAR stock which previously was a “a Buy”.
Analyzing HEAR Stock Performance
During the last five days, there has been a drop of approximately -0.07%. Over the course of the year, Turtle Beach Corp shares have jumped approximately 29.41%. Shares of the company reached a 52-week high of $18.45 on 04/01/24 and a 52-week low of $9.77 on 01/11/24. A 50-day SMA is recorded $15.24, while a 200-day SMA reached $12.35. Nevertheless, trading volume fell to 66384.0 shares from 0.14 million shares the previous day.
Support And Resistance Levels for Turtle Beach Corp (HEAR)
According to the 24-hour chart, there is a support level at 14.04, which, if violated, would cause prices to drop to 13.90. In the upper region, resistance lies at 14.28. The next price resistance is at 14.38. RSI (Relative Strength Index) is 36.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 84.02%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
