Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Heritage Insurance Holdings Inc. shares valued at $64,558 were purchased by WIDDICOMBE RICHARD A on Aug 16 ’24. At $14.55 per share, WIDDICOMBE RICHARD A acquired 4,437 shares. The insider’s holdings grew to 696,497 shares worth approximately $7.49 million following the completion of this transaction.
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Also, WIDDICOMBE RICHARD A sold 4,437 shares, netting a total of over 66,599 in proceeds. Following the sale of shares at $15.01 each, the insider now holds 692,060 shares.
Before that, Garateix Ernie J had added 5,000 shares to its account. In a trade valued at $42,950, the Chief Executive Officer bought Heritage Insurance Holdings Inc. shares for $8.59 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $11.53 million.
As published in a research note from Piper Sandler on August 09, 2024, Heritage Insurance Holdings Inc. [HRTG] has been rated up from a Neutral to an Overweight and the price target has been revised to $13 from $9. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid March. As of February 13, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for HRTG. Earlier on April 06, 2020, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for HRTG stock which previously was a “a Neutral”.
Analyzing HRTG Stock Performance
During the last five days, there has been a surge of approximately 11.40%. Over the course of the year, Heritage Insurance Holdings Inc. shares have jumped approximately 64.88%. Shares of the company reached a 52-week high of $16.90 on 09/05/24 and a 52-week low of $5.51 on 02/08/24. A 50-day SMA is recorded $13.68, while a 200-day SMA reached $9.29. Nevertheless, trading volume fell to 0.51 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Heritage Insurance Holdings Inc. (HRTG)
According to the 24-hour chart, there is a support level at 10.61, which, if violated, would cause prices to drop to 10.46. In the upper region, resistance lies at 10.98. The next price resistance is at 11.20. RSI (Relative Strength Index) is 38.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 72.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
