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. Herc Holdings Inc shares valued at $1,467,057 were sold by Birnbaum Aaron on Aug 26 ’24. At $146.71 per share, Birnbaum Aaron sold 10,000 shares. The insider’s holdings dropped to 38,232 shares worth approximately $6.65 million following the completion of this transaction.
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Also, Birnbaum Aaron purchased 10,000 shares, netting a total of over 1,463,800 in proceeds.
Before that, Peres Tamir had sold 5,821 shares from its account. In a trade valued at $925,714, the SVP&Chief Information Officer traded Herc Holdings Inc shares for $159.03 each. Upon closing the transaction, the insider’s holdings decreased to 5,821 shares, worth approximately $6.16 million.
As published in their initiating research note from JP Morgan on June 07, 2024, Herc Holdings Inc [HRI] has been a Neutral and the price target has been revised to $155. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early December. As of July 21, 2023, BofA Securities has decreased its “Buy” rating to a “an Underperform” for HRI. Earlier on March 11, 2022, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for HRI stock.
Analyzing HRI Stock Performance
During the last five days, there has been a surge of approximately 6.27%. Over the course of the year, Herc Holdings Inc shares have jumped approximately 16.83%. Shares of the company reached a 52-week high of $178.93 on 10/16/24 and a 52-week low of $124.70 on 07/09/24. A 50-day SMA is recorded $147.15, while a 200-day SMA reached $148.13. Nevertheless, trading volume fell to 0.55 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Herc Holdings Inc (HRI)
According to the 24-hour chart, there is a support level at 169.59, which, if violated, would cause prices to drop to 165.24. In the upper region, resistance lies at 178.62. The next price resistance is at 183.29. RSI (Relative Strength Index) is 75.73 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.69, which suggests the price will increase in the coming days. Percent R is at 20.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
