Federated Hermes Inc’s filing revealed that its Vice President FISHER JOHN B unloaded Company’s shares for reported $2.61 million on Aug 05 ’24. In the deal valued at $32.71 per share,79,830 shares were sold. As a result of this transaction, FISHER JOHN B now holds 442,570 shares worth roughly $15.01 million.
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Then, Van Meter Stephen sold 72 shares, generating $2,430 in total proceeds. Upon selling the shares at $33.75, the VP, Chief Compliance Officer now owns 31,767 shares.
Before that, STEPHEN VAN METER bought 72 shares. Federated Hermes Inc shares valued at $2,430 were divested by the Officer at a price of $33.75 per share.
UBS initiated its Federated Hermes Inc [FHI] rating to a Neutral in a research note published on January 05, 2024; the price target was $35. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. JP Morgan also remained covering FHI and has increased its forecast on April 11, 2023 with a “an Overweight” recommendation from previously “an Underweight” rating. Keefe Bruyette revised its rating on June 29, 2022. It rated FHI as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of FHI
On Tuesday, Federated Hermes Inc [NYSE:FHI] saw its stock jump 0.09% to $33.92. Over the last five days, the stock has gained 0.44%. Federated Hermes Inc shares have risen nearly 3.27% since the year began. Nevertheless, the stocks have risen 1.83% over the past one year. While a 52-week high of $36.37 was reached on 04/09/24, a 52-week low of $29.32 was recorded on 06/17/24. SMA at 50 days reached $33.43, while 200 days put it at $33.90.
Levels Of Support And Resistance For FHI Stock
The 24-hour chart illustrates a support level at 33.74, which if violated will result in even more drops to 33.56. On the upside, there is a resistance level at 34.07. A further resistance level may holdings at 34.22. The Relative Strength Index (RSI) on the 14-day chart is 54.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.43%. Stochastics%K at 78.12% indicates the stock is a holding.
How much short interest is there in Federated Hermes Inc?
A steep rise in short interest was recorded in Federated Hermes Inc stocks on 2024-07-31, dropping by -0.89 million shares to a total of 2.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.31 million shares. There was a decline of -36.97%, which implies that there is a negative sentiment for the stock.
