Heritage Insurance Holdings Inc.’s filing revealed that its Chairman WIDDICOMBE RICHARD A acquired Company’s shares for reported $64558.0 on Aug 16 ’24. In the deal valued at $14.55 per share,4,437 shares were bought. As a result of this transaction, WIDDICOMBE RICHARD A now holds 696,497 shares worth roughly $6.51 million.
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Then, WIDDICOMBE RICHARD A sold 4,437 shares, generating $66,599 in total proceeds. Upon selling the shares at $15.01, the Chairman now owns 692,060 shares.
Before that, Garateix Ernie J bought 5,000 shares. Heritage Insurance Holdings Inc. shares valued at $42,950 were divested by the Chief Executive Officer at a price of $8.59 per share. As a result of the transaction, Garateix Ernie J now holds 1,072,584 shares, worth roughly $10.02 million.
Piper Sandler upgraded its Heritage Insurance Holdings Inc. [HRTG] rating to an Overweight from a a Neutral in a research note published on August 09, 2024; the price target was increased to $13 from $9. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in mid March from “a Mkt outperform” to “a Mkt perform”. Piper Sandler also remained covering HRTG and has decreased its forecast on February 13, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Piper Sandler revised its rating on April 06, 2020. It rated HRTG as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of HRTG
On Monday, Heritage Insurance Holdings Inc. [NYSE:HRTG] saw its stock fall -23.38% to $9.34. Over the last five days, the stock has lost -23.69%. Heritage Insurance Holdings Inc. shares have risen nearly 43.25% since the year began. Nevertheless, the stocks have risen 65.02% over the past one year. While a 52-week high of $16.90 was reached on 09/05/24, a 52-week low of $5.03 was recorded on 02/08/24. SMA at 50 days reached $13.30, while 200 days put it at $9.16.
Levels Of Support And Resistance For HRTG Stock
The 24-hour chart illustrates a support level at 8.49, which if violated will result in even more drops to 7.63. On the upside, there is a resistance level at 10.41. A further resistance level may holdings at 11.47. The Relative Strength Index (RSI) on the 14-day chart is 26.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.16%. Stochastics %K at 11.22% indicates the stock is a buying.
How much short interest is there in Heritage Insurance Holdings Inc.?
A steep rise in short interest was recorded in Heritage Insurance Holdings Inc. stocks on 2024-09-13, growing by 0.1 million shares to a total of 1.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.94 million shares. There was a rise of 9.94%, which implies that there is a positive sentiment for the stock.
