Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hercules Capital Inc shares valued at $1,958,640 were sold by Bluestein Scott on Sep 26 ’24. At $19.59 per share, Bluestein Scott sold 100,000 shares. The insider’s holdings dropped to 2,161,207 shares worth approximately $42.71 million following the completion of this transaction.
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Also, SCOTT BLUESTEIN purchased 100,000 shares, netting a total of over 1,954,000 in proceeds.
Before that, Theodosopoulos Nikos had added 1,608 shares to its account. In a trade valued at $28,997, the Director bought Hercules Capital Inc shares for $18.03 each. Upon closing the transaction, the insider’s holdings increased to 1,608 shares, worth approximately $0.11 million.
As published in a research note from Compass Point on January 16, 2024, Hercules Capital Inc [HTGC] has been rated down from a Buy to a Neutral and the price target has been revised to $17.50 from $17. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in late November. As of August 30, 2023, Compass Point has increased its “Neutral” rating to a “Buy” for HTGC. Earlier on August 04, 2023, Keefe Bruyette upgraded its rating. Their new recommendation was “a Mkt perform” for HTGC stock which previously was a “an Underperform”.
Analyzing HTGC Stock Performance
During the last five days, there has been a drop of approximately -1.10%. Over the course of the year, Hercules Capital Inc shares have jumped approximately 20.04%. Shares of the company reached a 52-week high of $21.78 on 07/31/24 and a 52-week low of $16.51 on 01/02/24. A 50-day SMA is recorded $19.49, while a 200-day SMA reached $19.13. Nevertheless, trading volume fell to 1.03 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Hercules Capital Inc (HTGC)
According to the 24-hour chart, there is a support level at 19.52, which, if violated, would cause prices to drop to 19.27. In the upper region, resistance lies at 19.99. The next price resistance is at 20.21. RSI (Relative Strength Index) is 47.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 71.62%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
