Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Haemonetics Corp shares valued at $565,692 were purchased by Lingamneni Anila on Nov 11 ’24. At $90.68 per share, Lingamneni Anila acquired 6,238 shares.
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Also, Strong Stewart W sold 4,312 shares, netting a total of over 393,039 in proceeds. Following the sale of shares at $91.15 each, the insider now holds 18,196 shares.
Before that, Strong Stewart W had added 4,312 shares to its account. In a trade valued at $393,039, the Officer bought Haemonetics Corp shares for $91.15 each.
As published in a research note from Raymond James on November 08, 2024, Haemonetics Corp [HAE] has been rated up from an Outperform to a Strong buy and the price target has been revised to $120. Analysts at CL King started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of September 11, 2024, BofA Securities has initiated its “Neutral” rating for HAE. Earlier on September 10, 2024, BTIG Research initiated its rating. Their recommendation was “a Buy” for HAE stock.
Analyzing HAE Stock Performance
During the last five days, there has been a surge of approximately 17.43%. Over the course of the year, Haemonetics Corp shares have jumped approximately 7.33%. Shares of the company reached a 52-week high of $97.97 on 05/15/24 and a 52-week low of $70.25 on 10/31/24. A 50-day SMA is recorded $76.90, while a 200-day SMA reached $81.65. Nevertheless, trading volume fell to 0.77 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Haemonetics Corp (HAE)
According to the 24-hour chart, there is a support level at 90.83, which, if violated, would cause prices to drop to 89.88. In the upper region, resistance lies at 93.35. The next price resistance is at 94.92. RSI (Relative Strength Index) is 75.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.46, which suggests the price will increase in the coming days. Percent R is at 12.96%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
