The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. HNI Corp shares valued at $22,000 were purchased by Meade Donna D on Nov 06 ’24. At $55.00 per share, Meade Donna D acquired 400 shares.
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Also, Berger Vincent P sold 17,796 shares, netting a total of over 979,314 in proceeds. Following the sale of shares at $55.03 each, the insider now holds 78,840 shares.
Before that, Berger Vincent P had sold 5,858 shares from its account. In a trade valued at $322,969, the EVP, HNI Corp traded HNI Corp shares for $55.13 each. Upon closing the transaction, the insider’s holdings decreased to 5,858 shares, worth approximately $4.29 million.
Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of August 01, 2022, Sidoti has decreased its “Buy” rating to a “Neutral” for HNI. Earlier on March 08, 2021, Sidoti upgraded its rating. Their new recommendation was “a Buy” for HNI stock which previously was a “a Neutral”.
Analyzing HNI Stock Performance
During the last five days, there has been a surge of approximately 9.75%. Over the course of the year, HNI Corp shares have jumped approximately 30.22%. Shares of the company reached a 52-week high of $56.13 on 07/31/24 and a 52-week low of $39.95 on 01/17/24. A 50-day SMA is recorded $52.37, while a 200-day SMA reached $47.11. Nevertheless, trading volume fell to 0.44 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for HNI Corp (HNI)
According to the 24-hour chart, there is a support level at 53.81, which, if violated, would cause prices to drop to 53.16. In the upper region, resistance lies at 55.06. The next price resistance is at 55.66. RSI (Relative Strength Index) is 60.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 14.15%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
