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Potential Price Increase for NMI Holdings Inc (NMIH) After Recent Insider Activity

NMI Holdings Inc’s recently made public that its VP, Controller Realmuto Nicholas Daniel unloaded Company’s shares for reported $12222.0 on Sep 18 ’24. In the deal valued at $42.00 per share,291 shares were sold. As a result of this transaction, Realmuto Nicholas Daniel now holds 9,536 shares worth roughly $0.39 million.

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Then, Leatherberry William J sold 3,000 shares, generating $120,210 in total proceeds. Upon selling the shares at $40.07, the Chief Admin. Officer & GC now owns 153,689 shares.

Before that, Leatherberry William J sold 2,000 shares. NMI Holdings Inc shares valued at $80,000 were divested by the Chief Admin. Officer & GC at a price of $40.00 per share. As a result of the transaction, Leatherberry William J now holds 156,689 shares, worth roughly $6.47 million.

RBC Capital Mkts upgraded its NMI Holdings Inc [NMIH] rating to an Outperform from a a Sector perform in a research note published on September 18, 2024; the price target was increased to $48 from $40. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “a Neutral”. UBS began covering NMIH with “Buy” recommendation on December 06, 2023. Barclays started covering the stock on November 15, 2023. It rated NMIH as “an Overweight”.

Price Performance Review of NMIH

On Friday, NMI Holdings Inc [NASDAQ:NMIH] saw its stock jump 0.61% to $41.27. Over the last five days, the stock has gained 0.58%. NMI Holdings Inc shares have risen nearly 39.05% since the year began. Nevertheless, the stocks have risen 54.74% over the past one year. While a 52-week high of $42.49 was reached on 09/18/24, a 52-week low of $26.10 was recorded on 01/11/24. SMA at 50 days reached $39.65, while 200 days put it at $33.70.

Levels Of Support And Resistance For NMIH Stock

The 24-hour chart illustrates a support level at 41.00, which if violated will result in even more drops to 40.74. On the upside, there is a resistance level at 41.56. A further resistance level may holdings at 41.86. The Relative Strength Index (RSI) on the 14-day chart is 58.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.21%. Stochastics %K at 33.15% indicates the stock is a holding.

How much short interest is there in NMI Holdings Inc?

A steep rise in short interest was recorded in NMI Holdings Inc stocks on 2024-09-13, growing by 0.25 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.22 million shares. There was a rise of 16.81%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 17, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.

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