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An Analysis of Huntington Bancshares, Inc. (HBAN)’s Potential Price Growth

Huntington Bancshares, Inc.’s recently made public that its Executive VP and CCO Lawlor Brendan A unloaded Company’s shares for reported $0.14 million on Jul 29 ’24. In the deal valued at $15.06 per share,9,050 shares were sold. As a result of this transaction, Lawlor Brendan A now holds 11,111 shares worth roughly $0.16 million.

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Then, Houston Helga sold 11,288 shares, generating $169,546 in total proceeds. Upon selling the shares at $15.02, the Senior Exec. V. P. now owns 618,832 shares.

Before that, Lawlor Brendan A bought 9,050 shares. Huntington Bancshares, Inc. shares valued at $136,294 were divested by the Officer at a price of $15.06 per share.

Robert W. Baird downgraded its Huntington Bancshares, Inc. [HBAN] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid June from “a Neutral” to “an Underweight”. JP Morgan also remained covering HBAN and has increased its forecast on May 28, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies revised its rating on April 08, 2024. It rated HBAN as “a Buy” which previously was an “a Hold”.

Price Performance Review of HBAN

On Friday, Huntington Bancshares, Inc. [NASDAQ:HBAN] saw its stock jump 1.27% to $14.38. Over the last five days, the stock has gained 0.49%. Huntington Bancshares, Inc. shares have risen nearly 13.05% since the year began. Nevertheless, the stocks have risen 34.90% over the past one year. While a 52-week high of $15.24 was reached on 07/25/24, a 52-week low of $9.25 was recorded on 01/18/24. SMA at 50 days reached $14.17, while 200 days put it at $13.33.

Levels Of Support And Resistance For HBAN Stock

The 24-hour chart illustrates a support level at 14.26, which if violated will result in even more drops to 14.13. On the upside, there is a resistance level at 14.47. A further resistance level may holdings at 14.55. The Relative Strength Index (RSI) on the 14-day chart is 51.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.90%. Stochastics %K at 38.54% indicates the stock is a holding.

How much short interest is there in Huntington Bancshares, Inc.?

A steep rise in short interest was recorded in Huntington Bancshares, Inc. stocks on 2024-08-30, dropping by -1.57 million shares to a total of 26.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 28.5 million shares. There was a decline of -5.84%, which implies that there is a negative sentiment for the stock.

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