Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Huntington Ingalls Industries Inc shares valued at $384,102 were sold by Hughes Edmond E. Jr. on May 20 ’24. At $256.07 per share, Hughes Edmond E. Jr. sold 1,500 shares. The insider’s holdings dropped to 8,135 shares worth approximately $2.04 million following the completion of this transaction.
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Also, Boykin Jennifer R. sold 1,043 shares, netting a total of over 262,837 in proceeds. Following the sale of shares at $252.03 each, the insider now holds 0 shares.
Before that, Green Edgar A III had sold 3,603 shares from its account. In a trade valued at $1,047,572, the Ex VP, Pres. HII Mission Tech traded Huntington Ingalls Industries Inc shares for $290.75 each. Upon closing the transaction, the insider’s holdings decreased to 3,603 shares, worth approximately $1.87 million.
As published in a research note from Wolfe Research on October 10, 2024, Huntington Ingalls Industries Inc [HII] has been rated down from an Outperform to a Peer perform. Analysts at Vertical Research downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early October. As of September 09, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for HII. Earlier on May 20, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for HII stock.
Analyzing HII Stock Performance
During the last five days, there has been a drop of approximately -2.15%. Over the course of the year, Huntington Ingalls Industries Inc shares have dropped approximately -3.52%. Shares of the company reached a 52-week high of $299.50 on 03/05/24 and a 52-week low of $234.59 on 06/14/24. A 50-day SMA is recorded $263.84, while a 200-day SMA reached $266.16. Nevertheless, trading volume fell to 0.73 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Huntington Ingalls Industries Inc (HII)
According to the 24-hour chart, there is a support level at 247.70, which, if violated, would cause prices to drop to 244.91. In the upper region, resistance lies at 255.70. The next price resistance is at 260.91. RSI (Relative Strength Index) is 34.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.43, which suggests the price will decrease in the coming days. Percent R is at 97.23%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
