Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NMI Holdings Inc shares valued at $12,222 were sold by Realmuto Nicholas Daniel on Sep 18 ’24. At $42.00 per share, Realmuto Nicholas Daniel sold 291 shares. The insider’s holdings dropped to 9,536 shares worth approximately $0.37 million following the completion of this transaction.
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Also, Leatherberry William J sold 3,000 shares, netting a total of over 120,210 in proceeds. Following the sale of shares at $40.07 each, the insider now holds 153,689 shares.
Before that, Leatherberry William J had sold 2,000 shares from its account. In a trade valued at $80,000, the Chief Admin. Officer & GC traded NMI Holdings Inc shares for $40.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $6.15 million.
As published in a research note from RBC Capital Mkts on September 18, 2024, NMI Holdings Inc [NMIH] has been rated up from a Sector perform to an Outperform and the price target has been revised to $48 from $40. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of December 06, 2023, UBS has initiated its “Buy” rating for NMIH. Earlier on November 15, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for NMIH stock.
Analyzing NMIH Stock Performance
During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, NMI Holdings Inc shares have jumped approximately 32.35%. Shares of the company reached a 52-week high of $42.49 on 09/18/24 and a 52-week low of $28.67 on 01/11/24. A 50-day SMA is recorded $40.33, while a 200-day SMA reached $34.85. Nevertheless, trading volume fell to 1.05 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for NMI Holdings Inc (NMIH)
According to the 24-hour chart, there is a support level at 38.07, which, if violated, would cause prices to drop to 36.85. In the upper region, resistance lies at 40.55. The next price resistance is at 41.81. RSI (Relative Strength Index) is 49.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 46.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
