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Citigroup initates Huntington Ingalls Industries Inc (HII) rating to a Buy

Huntington Ingalls Industries Inc’s recent filing unveils that its Ex VP & Chief HR Officer Hughes Edmond E. Jr. unloaded Company’s shares for reported $0.38 million on May 20 ’24. In the deal valued at $256.07 per share,1,500 shares were sold. As a result of this transaction, Hughes Edmond E. Jr. now holds 8,135 shares worth roughly $1.97 million.

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Then, Boykin Jennifer R. sold 1,043 shares, generating $262,837 in total proceeds. Upon selling the shares at $252.03, the Ex VP, President NNS now owns 0 shares.

Before that, Green Edgar A III sold 3,603 shares. Huntington Ingalls Industries Inc shares valued at $1,047,572 were divested by the Ex VP, Pres. HII Mission Tech at a price of $290.75 per share. As a result of the transaction, Green Edgar A III now holds 7,461 shares, worth roughly $1.81 million.

Citigroup initiated its Huntington Ingalls Industries Inc [HII] rating to a Buy in a research note published on May 20, 2024; the price target was $310. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. JP Morgan also remained covering HII and has increased its forecast on September 28, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on September 28, 2023. It rated HII as “a Hold”.

Price Performance Review of HII

On Tuesday, Huntington Ingalls Industries Inc [NYSE:HII] saw its stock fall -0.44% to $241.93. Over the last five days, the stock has lost -1.97%. Huntington Ingalls Industries Inc shares have fallen nearly -6.82% since the year began. Nevertheless, the stocks have risen 7.88% over the past one year. While a 52-week high of $299.50 was reached on 03/05/24, a 52-week low of $199.11 was recorded on 06/14/24. SMA at 50 days reached $251.18, while 200 days put it at $253.77. A total of 0.33 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For HII Stock

The 24-hour chart illustrates a support level at 240.72, which if violated will result in even more drops to 239.51. On the upside, there is a resistance level at 243.43. A further resistance level may holdings at 244.93. The Relative Strength Index (RSI) on the 14-day chart is 36.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.60%. Stochastics%K at 28.13% indicates the stock is a holding.

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