Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Turtle Beach Corp shares valued at $294,200 were purchased by Wyatt William Z on Aug 15 ’24. At $14.71 per share, Wyatt William Z acquired 20,000 shares. The insider’s holdings grew to 78,980 shares worth approximately $1.3 million following the completion of this transaction.
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Also, Jimenez Terry purchased 2,250 shares, netting a total of over 33,908 in proceeds. Following the buying of shares at $15.07 each, the insider now holds 50,009 shares.
Before that, Jimenez Terry had added 2,750 shares to its account. In a trade valued at $42,488, the Director bought Turtle Beach Corp shares for $15.45 each. Upon closing the transaction, the insider’s holdings increased to 2,750 shares, worth approximately $0.79 million.
As published in a research note from Oppenheimer on August 09, 2024, Turtle Beach Corp [HEAR] has been rated up from a Perform to an Outperform and the price target has been revised to $17. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of November 28, 2022, ROTH Capital has initiated its “Buy” rating for HEAR. Earlier on August 09, 2022, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for HEAR stock which previously was a “an Outperform”.
Analyzing HEAR Stock Performance
During the last five days, there has been a surge of approximately 10.07%. Over the course of the year, Turtle Beach Corp shares have jumped approximately 50.78%. Shares of the company reached a 52-week high of $18.45 on 04/01/24 and a 52-week low of $9.77 on 01/11/24. A 50-day SMA is recorded $14.72, while a 200-day SMA reached $14.15. Nevertheless, trading volume fell to 0.54 million shares from 75700.0 shares the previous day.
Support And Resistance Levels for Turtle Beach Corp (HEAR)
According to the 24-hour chart, there is a support level at 15.38, which, if violated, would cause prices to drop to 14.25. In the upper region, resistance lies at 17.44. The next price resistance is at 18.37. RSI (Relative Strength Index) is 67.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 26.74%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
