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Huntington Bancshares, Inc (HBAN) Becoming More Attractive for Investors

Huntington Bancshares, Inc’s recent filing unveils that its Officer STEINOUR STEPHEN D acquired Company’s shares for reported $0.18 million on Nov 12 ’24. In the deal valued at $17.64 per share,10,000 shares were bought.

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Then, Syal Rajeev bought 15,077 shares, generating $263,697 in total proceeds.

Before that, Houston Helga sold 6,455 shares. Huntington Bancshares, Inc shares valued at $99,601 were divested by the Senior Exec. V. P. at a price of $15.43 per share. As a result of the transaction, Houston Helga now holds 558,342 shares, worth roughly $9.85 million.

Robert W. Baird downgraded its Huntington Bancshares, Inc [HBAN] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid June from “a Neutral” to “an Underweight”. JP Morgan also remained covering HBAN and has increased its forecast on May 28, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies revised its rating on April 08, 2024. It rated HBAN as “a Buy” which previously was an “a Hold”.

Price Performance Review of HBAN

On Tuesday, Huntington Bancshares, Inc [NASDAQ:HBAN] saw its stock fall -0.62% to $17.64. Over the last five days, the stock has gained 13.51%. Huntington Bancshares, Inc shares have risen nearly 38.68% since the year began. Nevertheless, the stocks have risen 71.76% over the past one year. While a 52-week high of $17.85 was reached on 11/11/24, a 52-week low of $10.10 was recorded on 01/18/24. SMA at 50 days reached $15.20, while 200 days put it at $13.93.

Levels Of Support And Resistance For HBAN Stock

The 24-hour chart illustrates a support level at 17.48, which if violated will result in even more drops to 17.31. On the upside, there is a resistance level at 17.81. A further resistance level may holdings at 17.97. The Relative Strength Index (RSI) on the 14-day chart is 74.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.08%. Stochastics %K at 92.43% indicates the stock is a selling.

How much short interest is there in Huntington Bancshares, Inc?

A steep rise in short interest was recorded in Huntington Bancshares, Inc stocks on 2024-10-31, growing by 1.78 million shares to a total of 29.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 27.87 million shares. There was a rise of 6.0%, which implies that there is a positive sentiment for the stock.

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