Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Horizon Technology Finance Corp shares valued at $25,004 were purchased by Goodman Jonathan Joseph on Aug 05 ’24. At $10.81 per share, Goodman Jonathan Joseph acquired 2,313 shares. The insider’s holdings grew to 2,313 shares worth approximately $21927.24 following the completion of this transaction.
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Also, Balkin Michael purchased 10,000 shares, netting a total of over 105,800 in proceeds. Following the buying of shares at $10.58 each, the insider now holds 10,000 shares.
Before that, Michaud Gerald A. had added 3,650 shares to its account. In a trade valued at $42,960, the President bought Horizon Technology Finance Corp shares for $11.77 each. Upon closing the transaction, the insider’s holdings increased to 3,650 shares, worth approximately $1.48 million.
As published in a research note from Ladenburg Thalmann on February 28, 2024, Horizon Technology Finance Corp [HRZN] has been rated down from a Buy to a Neutral. Analysts at B. Riley Securities downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of October 17, 2023, Compass Point has decreased its “Neutral” rating to a “Sell” for HRZN. Earlier on September 27, 2023, Compass Point upgraded its rating. Their new recommendation was “a Neutral” for HRZN stock which previously was a “a Sell”.
Analyzing HRZN Stock Performance
During the last five days, there has been a drop of approximately -1.76%. Over the course of the year, Horizon Technology Finance Corp shares have dropped approximately -27.71%. Shares of the company reached a 52-week high of $13.73 on 01/05/24 and a 52-week low of $9.18 on 11/04/24. A 50-day SMA is recorded $10.48, while a 200-day SMA reached $11.54.
Support And Resistance Levels for Horizon Technology Finance Corp (HRZN)
According to the 24-hour chart, there is a support level at 9.37, which, if violated, would cause prices to drop to 9.26. In the upper region, resistance lies at 9.61. The next price resistance is at 9.75. RSI (Relative Strength Index) is 30.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 73.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
