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Insider Selling: Silber Lawrence Harris, Herc Holdings Inc [HRI] President & CEO divested 20,000 shares

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. Herc Holdings Inc shares valued at $3,176,121 were sold by Silber Lawrence Harris on May 13 ’24. At $158.81 per share, Silber Lawrence Harris sold 20,000 shares. The insider’s holdings dropped to 213,382 shares worth approximately $27.96 million following the completion of this transaction.

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Also, Cunningham Christian J sold 6,607 shares, netting a total of over 1,026,559 in proceeds. Following the sale of shares at $155.37 each, the insider now holds 60,029 shares.

Before that, Birnbaum Aaron had sold 5,844 shares from its account. In a trade valued at $890,228, the SVP & Chief Operating Officer traded Herc Holdings Inc shares for $152.33 each. Upon closing the transaction, the insider’s holdings decreased to 5,844 shares, worth approximately $6.32 million.

As published in their initiating research note from JP Morgan on June 07, 2024, Herc Holdings Inc [HRI] has been a Neutral and the price target has been revised to $155. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early December. As of July 21, 2023, BofA Securities has decreased its “Buy” rating to a “an Underperform” for HRI. Earlier on March 11, 2022, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for HRI stock.

Analyzing HRI Stock Performance

During the last five days, there has been a drop of approximately -0.79%. Over the course of the year, Herc Holdings Inc shares have dropped approximately -12.01%. Shares of the company reached a 52-week high of $171.00 on 03/28/24 and a 52-week low of $125.73 on 06/14/24. A 50-day SMA is recorded $142.82, while a 200-day SMA reached $139.52. Nevertheless, trading volume fell to 71773.0 shares from 0.16 million shares the previous day.

Support And Resistance Levels for Herc Holdings Inc (HRI)

According to the 24-hour chart, there is a support level at 130.06, which, if violated, would cause prices to drop to 129.10. In the upper region, resistance lies at 132.33. The next price resistance is at 133.65. RSI (Relative Strength Index) is 41.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.61, which suggests the price will decrease in the coming days. Percent R is at 56.18%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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