In a filing, HNI Corp. revealed its Director CALADO MIGUEL M unloaded Company’s shares for reported $0.28 million on Aug 28 ’24. In the deal valued at $52.96 per share,5,299 shares were sold. As a result of this transaction, CALADO MIGUEL M now holds 31,159 shares worth roughly $1.55 million.
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Then, CALADO MIGUEL M bought 5,299 shares, generating $280,609 in total proceeds.
Before that, Lorenger Jeffrey D sold 16,450 shares. HNI Corp. shares valued at $873,330 were divested by the President & CEO at a price of $53.09 per share. As a result of the transaction, Lorenger Jeffrey D now holds 296,892 shares, worth roughly $14.77 million.
A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Sidoti also remained covering HNI and has decreased its forecast on August 01, 2022 with a “Neutral” recommendation from previously “Buy” rating. Sidoti revised its rating on March 08, 2021. It rated HNI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HNI
On Tuesday, HNI Corp. [NYSE:HNI] saw its stock fall -0.78% to $49.74. Over the last five days, the stock has lost -5.58%. HNI Corp. shares have risen nearly 18.91% since the year began. Nevertheless, the stocks have risen 57.90% over the past one year. While a 52-week high of $56.13 was reached on 07/31/24, a 52-week low of $31.02 was recorded on 01/17/24. SMA at 50 days reached $50.33, while 200 days put it at $44.71.
Levels Of Support And Resistance For HNI Stock
The 24-hour chart illustrates a support level at 49.27, which if violated will result in even more drops to 48.79. On the upside, there is a resistance level at 50.20. A further resistance level may holdings at 50.65. The Relative Strength Index (RSI) on the 14-day chart is 39.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.55%. Stochastics %K at 9.91% indicates the stock is a buying.
How much short interest is there in HNI Corp.?
A steep rise in short interest was recorded in HNI Corp. stocks on 2024-08-15, dropping by -0.23 million shares to a total of 0.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.89 million shares. There was a decline of -33.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 22, 2020 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating .
