The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Armada Hoffler Properties Inc shares valued at $9,728 were purchased by KIRK A RUSSELL on Oct 03 ’24. At $10.82 per share, KIRK A RUSSELL acquired 899 shares. The insider’s holdings grew to 48,351 shares worth approximately $0.52 million following the completion of this transaction.
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Also, Wimbush Frederick Blair purchased 90 shares, netting a total of over 972 in proceeds. Following the buying of shares at $10.77 each, the insider now holds 17,702 shares.
Before that, Gartman Dennis H. had added 4,500 shares to its account. In a trade valued at $48,804, the Director bought Armada Hoffler Properties Inc shares for $10.85 each. Upon closing the transaction, the insider’s holdings increased to 4,500 shares, worth approximately $0.29 million.
Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid July. As of October 25, 2021, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for AHH. Earlier on September 22, 2021, Stifel initiated its rating. Their recommendation was “a Buy” for AHH stock.
Analyzing AHH Stock Performance
During the last five days, there has been a surge of approximately 0.37%. Over the course of the year, Armada Hoffler Properties Inc shares have dropped approximately -12.69%. Shares of the company reached a 52-week high of $12.60 on 01/08/24 and a 52-week low of $10.02 on 03/26/24. A 50-day SMA is recorded $11.62, while a 200-day SMA reached $11.32. Nevertheless, trading volume fell to 0.57 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Armada Hoffler Properties Inc (AHH)
According to the 24-hour chart, there is a support level at 10.72, which, if violated, would cause prices to drop to 10.64. In the upper region, resistance lies at 10.84. The next price resistance is at 10.88. RSI (Relative Strength Index) is 34.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 90.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
