Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Huntington Bancshares, Inc. shares valued at $136,293 were sold by Lawlor Brendan A on Jul 29 ’24. At $15.06 per share, Lawlor Brendan A sold 9,050 shares. The insider’s holdings dropped to 11,111 shares worth approximately $0.15 million following the completion of this transaction.
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Also, Houston Helga sold 11,288 shares, netting a total of over 169,546 in proceeds. Following the sale of shares at $15.02 each, the insider now holds 618,832 shares.
Before that, Lawlor Brendan A had added 9,050 shares to its account. In a trade valued at $136,294, the Officer bought Huntington Bancshares, Inc. shares for $15.06 each.
As published in a research note from Robert W. Baird on July 26, 2024, Huntington Bancshares, Inc. [HBAN] has been rated down from an Outperform to a Neutral and the price target has been revised to $15. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid June. As of May 28, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for HBAN. Earlier on April 08, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for HBAN stock which previously was a “a Hold”.
Analyzing HBAN Stock Performance
During the last five days, there has been a surge of approximately 3.41%. Over the course of the year, Huntington Bancshares, Inc. shares have jumped approximately 9.59%. Shares of the company reached a 52-week high of $15.24 on 07/25/24 and a 52-week low of $12.02 on 01/18/24. A 50-day SMA is recorded $13.58, while a 200-day SMA reached $13.02. Nevertheless, trading volume fell to 9.36 million shares from 9.12 million shares the previous day.
Support And Resistance Levels for Huntington Bancshares, Inc. (HBAN)
According to the 24-hour chart, there is a support level at 13.84, which, if violated, would cause prices to drop to 13.74. In the upper region, resistance lies at 14.01. The next price resistance is at 14.08. RSI (Relative Strength Index) is 51.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 16.52%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
