Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Heartland Express, Inc shares valued at $690,383 were purchased by GERDIN MICHAEL J on Nov 04 ’24. At $10.95 per share, GERDIN MICHAEL J acquired 63,074 shares. The insider’s holdings grew to 1,259,792 shares worth approximately $14.97 million following the completion of this transaction.
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Also, GERDIN MICHAEL J purchased 5,210 shares, netting a total of over 59,863 in proceeds. Following the buying of shares at $11.49 each, the insider now holds 1,265,002 shares.
Before that, GERDIN MICHAEL J had added 50,000 shares to its account. In a trade valued at $583,675, the Chief Executive Officer bought Heartland Express, Inc shares for $11.67 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $14.22 million.
As published in a research note from UBS on July 09, 2024, Heartland Express, Inc [HTLD] has been rated down from a Buy to a Neutral and the price target has been revised to $13 from $15. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early July. As of November 11, 2022, UBS has increased its “Neutral” rating to a “Buy” for HTLD. Earlier on March 15, 2022, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for HTLD stock which previously was a “an Underweight”.
Analyzing HTLD Stock Performance
During the last five days, there has been a surge of approximately 7.61%. Over the course of the year, Heartland Express, Inc shares have dropped approximately -16.69%. Shares of the company reached a 52-week high of $14.30 on 01/02/24 and a 52-week low of $9.63 on 04/30/24. A 50-day SMA is recorded $11.74, while a 200-day SMA reached $11.86. Nevertheless, trading volume fell to 0.66 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Heartland Express, Inc (HTLD)
According to the 24-hour chart, there is a support level at 11.35, which, if violated, would cause prices to drop to 10.82. In the upper region, resistance lies at 12.20. The next price resistance is at 12.52. RSI (Relative Strength Index) is 59.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 8.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
