NMI Holdings Inc’s filing revealed that its Director EMBLER MICHAEL J unloaded Company’s shares for reported $1.02 million on Jul 31 ’24. In the deal valued at $39.35 per share,26,008 shares were sold. As a result of this transaction, EMBLER MICHAEL J now holds 61,607 shares worth roughly $2.36 million.
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Then, Leatherberry William J sold 24,725 shares, generating $980,935 in total proceeds. Upon selling the shares at $39.67, the Chief Admin. Officer & GC now owns 158,689 shares.
Before that, EMBLER MICHAEL J bought 26,010 shares. NMI Holdings Inc shares valued at $1,016,913 were divested by the Director at a price of $39.10 per share.
UBS downgraded its NMI Holdings Inc [NMIH] rating to a Neutral from a a Buy in a research note published on May 22, 2024; the price target was increased to $39 from $37. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Barclays began covering NMIH with “an Overweight” recommendation on November 15, 2023. BofA Securities started covering the stock on October 17, 2023. It rated NMIH as “a Buy”.
Price Performance Review of NMIH
On Tuesday, NMI Holdings Inc [NASDAQ:NMIH] saw its stock fall -0.68% to $38.25. Over the last five days, the stock has gained 2.30%. NMI Holdings Inc shares have risen nearly 28.87% since the year began. Nevertheless, the stocks have risen 34.87% over the past one year. While a 52-week high of $42.01 was reached on 07/31/24, a 52-week low of $25.62 was recorded on 01/11/24. SMA at 50 days reached $35.83, while 200 days put it at $31.68.
Levels Of Support And Resistance For NMIH Stock
The 24-hour chart illustrates a support level at 37.96, which if violated will result in even more drops to 37.68. On the upside, there is a resistance level at 38.56. A further resistance level may holdings at 38.88. The Relative Strength Index (RSI) on the 14-day chart is 59.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.01%. Stochastics%K at 50.48% indicates the stock is a holding.
How much short interest is there in NMI Holdings Inc?
A steep rise in short interest was recorded in NMI Holdings Inc stocks on 2024-07-31, dropping by -0.33 million shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.62 million shares. There was a decline of -25.4%, which implies that there is a negative sentiment for the stock.
