Herc Holdings Inc’s filing revealed that its SVP & Chief Operating Officer Birnbaum Aaron unloaded Company’s shares for reported $1.47 million on Aug 26 ’24. In the deal valued at $146.71 per share,10,000 shares were sold. As a result of this transaction, Birnbaum Aaron now holds 38,232 shares worth roughly $7.59 million.
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Then, Birnbaum Aaron bought 10,000 shares, generating $1,463,800 in total proceeds.
Before that, Peres Tamir sold 5,821 shares. Herc Holdings Inc shares valued at $925,714 were divested by the SVP&Chief Information Officer at a price of $159.03 per share. As a result of the transaction, Peres Tamir now holds 35,415 shares, worth roughly $7.03 million.
JP Morgan initiated its Herc Holdings Inc [HRI] rating to a Neutral in a research note published on June 07, 2024; the price target was $155. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Sector weight”. BofA Securities also remained covering HRI and has decreased its forecast on July 21, 2023 with a “an Underperform” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on March 11, 2022. It rated HRI as “an Overweight”.
Price Performance Review of HRI
On Tuesday, Herc Holdings Inc [NYSE:HRI] saw its stock jump 17.47% to $198.60. Over the last five days, the stock has gained 18.20%. Herc Holdings Inc shares have risen nearly 33.39% since the year began. Nevertheless, the stocks have risen 84.83% over the past one year. While a 52-week high of $178.93 was reached on 10/22/24, a 52-week low of $100.17 was recorded on 07/09/24. SMA at 50 days reached $150.97, while 200 days put it at $148.84.
Levels Of Support And Resistance For HRI Stock
The 24-hour chart illustrates a support level at 180.30, which if violated will result in even more drops to 162.00. On the upside, there is a resistance level at 209.60. A further resistance level may holdings at 220.60. The Relative Strength Index (RSI) on the 14-day chart is 82.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.72%. Stochastics %K at 74.66% indicates the stock is a holding.
How much short interest is there in Herc Holdings Inc?
A steep rise in short interest was recorded in Herc Holdings Inc stocks on 2024-09-30, growing by 93625.0 shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.93 million shares. There was a rise of 9.12%, which implies that there is a positive sentiment for the stock.
