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Healthequity Inc [NASDAQ: HQY] Sees Decrease in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Healthequity Inc shares valued at $1,646,796 were sold by Kessler Jon on Sep 16 ’24. At $78.42 per share, Kessler Jon sold 20,999 shares. The insider’s holdings dropped to 204,502 shares worth approximately $15.86 million following the completion of this transaction.

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Also, Kessler Jon sold 8,750 shares, netting a total of over 686,197 in proceeds. Following the sale of shares at $78.42 each, the insider now holds 101,235 shares.

Before that, James M. Lucania had added 6,925 shares to its account. In a trade valued at $525,534, the Officer bought Healthequity Inc shares for $75.89 each.

As published in their initiating research note from JMP Securities on April 04, 2024, Healthequity Inc [HQY] has been a Mkt outperform and the price target has been revised to $101. Analysts at JP Morgan resumed the stock at ‘”an Overweight”‘ outlook in a report released in early April. As of January 03, 2024, Barclays has initiated its “an Overweight” rating for HQY. Earlier on September 21, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for HQY stock which previously was a “a Neutral”.

Analyzing HQY Stock Performance

During the last five days, there has been a surge of approximately 3.18%. Over the course of the year, Healthequity Inc shares have jumped approximately 16.95%. Shares of the company reached a 52-week high of $88.26 on 07/01/24 and a 52-week low of $65.01 on 08/05/24. A 50-day SMA is recorded $76.04, while a 200-day SMA reached $77.47. Nevertheless, trading volume fell to 0.66 million shares from 0.37 million shares the previous day.

Support And Resistance Levels for Healthequity Inc (HQY)

According to the 24-hour chart, there is a support level at 76.62, which, if violated, would cause prices to drop to 75.69. In the upper region, resistance lies at 79.31. The next price resistance is at 81.07. RSI (Relative Strength Index) is 51.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 61.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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