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The Potential Rise in the Price of Hillenbrand Inc (HI) following insiders activity

Hillenbrand Inc’s recent filing unveils that its Sr. VP, Operations COE & HOM Kulmaczewski Leo acquired Company’s shares for reported $12819.0 on May 06 ’24. In the deal valued at $42.73 per share,300 shares were bought. As a result of this transaction, Kulmaczewski Leo now holds 2,186 shares worth roughly $59349.899999999994.

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Then, RYAN KIMBERLY K bought 2,350 shares, generating $100,322 in total proceeds. Upon buying the shares at $42.69, the President & CEO now owns 135,954 shares.

Before that, Kulmaczewski Leo bought 900 shares. Hillenbrand Inc shares valued at $37,894 were divested by the Sr. VP, Operations COE & HOM at a price of $42.10 per share. As a result of the transaction, Kulmaczewski Leo now holds 1,886 shares, worth roughly $51204.899999999994.

DA Davidson downgraded its Hillenbrand Inc [HI] rating to a Neutral from a a Buy in a research note published on August 12, 2024; the price target was decreased to $33 from $54. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early July with a ‘”an Overweight”‘ rating. CL King began covering HI with “Strong buy” recommendation on December 19, 2023. Barrington Research started covering the stock on October 14, 2020. It rated HI as “an Outperform”.

Price Performance Review of HI

On Tuesday, Hillenbrand Inc [NYSE:HI] saw its stock jump 2.14% to $27.15. Over the last five days, the stock has gained 6.97%. Hillenbrand Inc shares have fallen nearly -43.26% since the year began. Nevertheless, the stocks have fallen -31.73% over the past one year. While a 52-week high of $50.58 was reached on 04/01/24, a 52-week low of $25.11 was recorded on 10/09/24. SMA at 50 days reached $29.94, while 200 days put it at $41.45.

Levels Of Support And Resistance For HI Stock

The 24-hour chart illustrates a support level at 26.43, which if violated will result in even more drops to 25.70. On the upside, there is a resistance level at 27.82. A further resistance level may holdings at 28.48. The Relative Strength Index (RSI) on the 14-day chart is 46.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.00%. Stochastics %K at 53.67% indicates the stock is a holding.

How much short interest is there in Hillenbrand Inc?

A steep rise in short interest was recorded in Hillenbrand Inc stocks on 2024-09-30, dropping by 11110.0 shares to a total of 2.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.02 million shares. There was a decline of -0.55%, which implies that there is a negative sentiment for the stock.

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