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An Analysis of Huntington Bancshares, Inc. (HBAN)’s Potential Price Growth

Huntington Bancshares, Inc.’s recent filing unveils that its Form Officer Syal Rajeev acquired Company’s shares for reported $39568.0 on Oct 15 ’24. In the deal valued at $16.00 per share,2,473 shares were bought.

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Then, Lawlor Brendan A sold 9,050 shares, generating $136,293 in total proceeds. Upon selling the shares at $15.06, the Executive VP and CCO now owns 11,111 shares.

Before that, Houston Helga sold 11,288 shares. Huntington Bancshares, Inc. shares valued at $169,546 were divested by the Senior Exec. V. P. at a price of $15.02 per share. As a result of the transaction, Houston Helga now holds 618,832 shares, worth roughly $9.45 million.

Robert W. Baird downgraded its Huntington Bancshares, Inc. [HBAN] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid June from “a Neutral” to “an Underweight”. JP Morgan also remained covering HBAN and has increased its forecast on May 28, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies revised its rating on April 08, 2024. It rated HBAN as “a Buy” which previously was an “a Hold”.

Price Performance Review of HBAN

On Monday, Huntington Bancshares, Inc. [NASDAQ:HBAN] saw its stock fall -0.59% to $15.27. Over the last five days, the stock has lost -1.61%. Huntington Bancshares, Inc. shares have risen nearly 20.05% since the year began. Nevertheless, the stocks have risen 52.24% over the past one year. While a 52-week high of $16.03 was reached on 10/15/24, a 52-week low of $9.25 was recorded on 01/18/24. SMA at 50 days reached $14.57, while 200 days put it at $13.66.

Levels Of Support And Resistance For HBAN Stock

The 24-hour chart illustrates a support level at 15.11, which if violated will result in even more drops to 14.96. On the upside, there is a resistance level at 15.51. A further resistance level may holdings at 15.75. The Relative Strength Index (RSI) on the 14-day chart is 57.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.78%. Stochastics %K at 66.34% indicates the stock is a holding.

How much short interest is there in Huntington Bancshares, Inc.?

A steep rise in short interest was recorded in Huntington Bancshares, Inc. stocks on 2024-09-30, growing by 0.94 million shares to a total of 27.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 26.93 million shares. There was a rise of 3.37%, which implies that there is a positive sentiment for the stock.

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