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. Huntington Bancshares, Inc. shares valued at $39,568 were purchased by Syal Rajeev on Oct 15 ’24. At $16.00 per share, Syal Rajeev acquired 2,473 shares.
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Also, Lawlor Brendan A sold 9,050 shares, netting a total of over 136,293 in proceeds. Following the sale of shares at $15.06 each, the insider now holds 11,111 shares.
Before that, Houston Helga had sold 11,288 shares from its account. In a trade valued at $169,546, the Senior Exec. V. P. traded Huntington Bancshares, Inc. shares for $15.02 each. Upon closing the transaction, the insider’s holdings decreased to 11,288 shares, worth approximately $9.55 million.
As published in a research note from Robert W. Baird on July 26, 2024, Huntington Bancshares, Inc. [HBAN] has been rated down from an Outperform to a Neutral and the price target has been revised to $15. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid June. As of May 28, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for HBAN. Earlier on April 08, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for HBAN stock which previously was a “a Hold”.
Analyzing HBAN Stock Performance
During the last five days, there has been a surge of approximately 3.14%. Over the course of the year, Huntington Bancshares, Inc. shares have jumped approximately 21.31%. Shares of the company reached a 52-week high of $16.03 on 10/15/24 and a 52-week low of $12.02 on 01/18/24. A 50-day SMA is recorded $14.50, while a 200-day SMA reached $13.64. Nevertheless, trading volume fell to 23.84 million shares from 16.85 million shares the previous day.
Support And Resistance Levels for Huntington Bancshares, Inc. (HBAN)
According to the 24-hour chart, there is a support level at 15.23, which, if violated, would cause prices to drop to 15.04. In the upper region, resistance lies at 15.67. The next price resistance is at 15.92. RSI (Relative Strength Index) is 61.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 29.88%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
