Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Heritage Insurance Holdings Inc. shares valued at $42,950 were purchased by Garateix Ernie J on Aug 09 ’24. At $8.59 per share, Garateix Ernie J acquired 5,000 shares. The insider’s holdings grew to 1,072,584 shares worth approximately $13.8 million following the completion of this transaction.
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Also, WHITING PAUL L purchased 5,000 shares, netting a total of over 38,700 in proceeds. Following the buying of shares at $7.74 each, the insider now holds 64,662 shares.
Before that, Pappas Nicholas George had sold 6,000 shares from its account. In a trade valued at $51,360, the Director traded Heritage Insurance Holdings Inc. shares for $8.56 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $0.97 million.
As published in a research note from Piper Sandler on August 09, 2024, Heritage Insurance Holdings Inc. [HRTG] has been rated up from a Neutral to an Overweight and the price target has been revised to $13 from $9. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid March. As of February 13, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for HRTG. Earlier on April 06, 2020, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for HRTG stock which previously was a “a Neutral”.
Analyzing HRTG Stock Performance
During the last five days, there has been a surge of approximately 73.92%. Over the course of the year, Heritage Insurance Holdings Inc. shares have jumped approximately 97.39%. Shares of the company reached a 52-week high of $12.88 on 08/14/24 and a 52-week low of $5.51 on 02/08/24. A 50-day SMA is recorded $7.72, while a 200-day SMA reached $7.82. Nevertheless, trading volume fell to 0.79 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for Heritage Insurance Holdings Inc. (HRTG)
According to the 24-hour chart, there is a support level at 12.11, which, if violated, would cause prices to drop to 11.34. In the upper region, resistance lies at 13.26. The next price resistance is at 13.64. RSI (Relative Strength Index) is 84.60 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.12, which suggests the price will increase in the coming days. Percent R is at 0.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
