Haemonetics Corp.’s recent filing unveils that its President, Global Hospital Strong Stewart W unloaded Company’s shares for reported $0.39 million on Jul 26 ’24. In the deal valued at $91.15 per share,4,312 shares were sold. As a result of this transaction, Strong Stewart W now holds 18,196 shares worth roughly $1.35 million.
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Then, Strong Stewart W bought 4,312 shares, generating $393,039 in total proceeds.
Before that, Lingamneni Anila sold 2,136 shares. Haemonetics Corp. shares valued at $192,240 were divested by the EVP, Chief Technology Officer at a price of $90.00 per share. As a result of the transaction, Lingamneni Anila now holds 21,410 shares, worth roughly $1.58 million.
BTIG Research initiated its Haemonetics Corp. [HAE] rating to a Buy in a research note published on September 10, 2024; the price target was $112. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in mid June from “a Hold” to “a Buy”. Mizuho began covering HAE with “Buy” recommendation on October 13, 2022. Needham revised its rating on January 27, 2022. It rated HAE as “a Hold” which previously was an “a Buy”.
Price Performance Review of HAE
On Tuesday, Haemonetics Corp. [NYSE:HAE] saw its stock jump 1.66% to $73.94. Over the last five days, the stock has lost -1.51%. Haemonetics Corp. shares have fallen nearly -13.53% since the year began. Nevertheless, the stocks have fallen -16.43% over the past one year. While a 52-week high of $97.97 was reached on 05/15/24, a 52-week low of $70.74 was recorded on 02/14/24. SMA at 50 days reached $82.12, while 200 days put it at $83.22.
Levels Of Support And Resistance For HAE Stock
The 24-hour chart illustrates a support level at 73.07, which if violated will result in even more drops to 72.20. On the upside, there is a resistance level at 74.55. A further resistance level may holdings at 75.17. The Relative Strength Index (RSI) on the 14-day chart is 35.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.74%. Stochastics %K at 17.02% indicates the stock is a buying.
How much short interest is there in Haemonetics Corp.?
A steep rise in short interest was recorded in Haemonetics Corp. stocks on 2024-08-15, growing by 0.37 million shares to a total of 5.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.67 million shares. There was a rise of 7.36%, which implies that there is a positive sentiment for the stock.
