HNI Corp.’s recently made public that its EVP, HNI Corp Berger Vincent P unloaded Company’s shares for reported $0.98 million on Oct 16 ’24. In the deal valued at $55.03 per share,17,796 shares were sold. As a result of this transaction, Berger Vincent P now holds 78,840 shares worth roughly $3.96 million.
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Then, Berger Vincent P sold 5,858 shares, generating $322,969 in total proceeds. Upon selling the shares at $55.13, the EVP, HNI Corp now owns 78,840 shares.
Before that, Berger Vincent P bought 5,858 shares. HNI Corp. shares valued at $322,966 were divested by the Officer at a price of $55.13 per share.
A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Sidoti also remained covering HNI and has decreased its forecast on August 01, 2022 with a “Neutral” recommendation from previously “Buy” rating. Sidoti revised its rating on March 08, 2021. It rated HNI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HNI
On Tuesday, HNI Corp. [NYSE:HNI] saw its stock fall -3.18% to $50.18. Over the last five days, the stock has lost -5.00%. HNI Corp. shares have risen nearly 19.96% since the year began. Nevertheless, the stocks have risen 52.71% over the past one year. While a 52-week high of $56.13 was reached on 07/31/24, a 52-week low of $33.21 was recorded on 01/17/24. SMA at 50 days reached $52.56, while 200 days put it at $46.81.
Levels Of Support And Resistance For HNI Stock
The 24-hour chart illustrates a support level at 48.72, which if violated will result in even more drops to 47.27. On the upside, there is a resistance level at 50.95. A further resistance level may holdings at 51.73. The Relative Strength Index (RSI) on the 14-day chart is 37.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.66%. Stochastics %K at 12.19% indicates the stock is a buying.
How much short interest is there in HNI Corp.?
A steep rise in short interest was recorded in HNI Corp. stocks on 2024-10-15, dropping by 4331.0 shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.73 million shares. There was a decline of -0.6%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 22, 2020 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating .
