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Checking in on Hagerty Inc (HGTY) after recent insiders movement

Hagerty Inc’s filing revealed that its Director KAUFFMAN ROBERT I unloaded Company’s shares for reported $68656.0 on Jul 08 ’24. In the deal valued at $11.07 per share,6,202 shares were sold. As a result of this transaction, KAUFFMAN ROBERT I now holds 5,528,496 shares worth roughly $61.2 million.

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Then, KAUFFMAN ROBERT I sold 4,404 shares, generating $48,004 in total proceeds. Upon selling the shares at $10.90, the Director now owns 5,534,698 shares.

Before that, KAUFFMAN ROBERT I sold 4,548 shares. Hagerty Inc shares valued at $50,210 were divested by the Director at a price of $11.04 per share. As a result of the transaction, KAUFFMAN ROBERT I now holds 5,539,102 shares, worth roughly $61.32 million.

JP Morgan initiated its Hagerty Inc [HGTY] rating to a Neutral in a research note published on January 11, 2024; the price target was $9. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid June with a ‘”a Hold”‘ rating. Raymond James began covering HGTY with “Mkt perform” recommendation on October 20, 2022.

Price Performance Review of HGTY

On Tuesday, Hagerty Inc [NYSE:HGTY] saw its stock fall -0.36% to $11.07. Over the last five days, the stock has gained 5.13%. Hagerty Inc shares have risen nearly 41.92% since the year began. Nevertheless, the stocks have risen 22.32% over the past one year. While a 52-week high of $11.14 was reached on 07/09/24, a 52-week low of $7.52 was recorded on 01/19/24. SMA at 50 days reached $9.64, while 200 days put it at $8.66. A total of 0.29 million shares were traded, compared to the trading of 68200.0 shares in the previous session.

Levels Of Support And Resistance For HGTY Stock

The 24-hour chart illustrates a support level at 11.00, which if violated will result in even more drops to 10.93. On the upside, there is a resistance level at 11.18. A further resistance level may holdings at 11.29. The Relative Strength Index (RSI) on the 14-day chart is 64.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.24%. Stochastics%K at 94.52% indicates the stock is a selling.

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