Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. HomeStreet Inc shares valued at $37,436 were sold by LEMON PAULETTE on Aug 30 ’24. At $15.59 per share, LEMON PAULETTE sold 2,401 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, LEMON PAULETTE purchased 2,401 shares, netting a total of over 37,432 in proceeds.
Before that, Harrell Joanne R had added 1,685 shares to its account. In a trade valued at $25,052, the Director bought HomeStreet Inc shares for $14.87 each. Upon closing the transaction, the insider’s holdings increased to 1,685 shares, worth approximately $0.23 million.
As published in a research note from Janney on June 20, 2024, HomeStreet Inc [HMST] has been rated up from a Neutral to a Buy and the price target has been revised to $13.50. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of February 01, 2023, Piper Sandler has increased its “an Underweight” rating to a “Neutral” for HMST. Earlier on January 31, 2023, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for HMST stock which previously was a “an Outperform”.
Analyzing HMST Stock Performance
During the last five days, there has been a surge of approximately 0.99%. Over the course of the year, HomeStreet Inc shares have jumped approximately 47.96%. Shares of the company reached a 52-week high of $16.10 on 09/03/24 and a 52-week low of $8.09 on 06/11/24. A 50-day SMA is recorded $15.13, while a 200-day SMA reached $13.14. Nevertheless, trading volume fell to 0.65 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for HomeStreet Inc (HMST)
According to the 24-hour chart, there is a support level at 15.07, which, if violated, would cause prices to drop to 14.91. In the upper region, resistance lies at 15.39. The next price resistance is at 15.55. RSI (Relative Strength Index) is 52.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 60.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
