Heartland Express, Inc’s recent filing unveils that its Chief Executive Officer GERDIN MICHAEL J acquired Company’s shares for reported $0.43 million on Nov 08 ’24. In the deal valued at $11.97 per share,35,960 shares were bought. As a result of this transaction, GERDIN MICHAEL J now holds 1,311,913 shares worth roughly $16.49 million.
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Then, GERDIN MICHAEL J bought 10,951 shares, generating $131,302 in total proceeds. Upon buying the shares at $11.99, the Chief Executive Officer now owns 1,275,953 shares.
Before that, GERDIN MICHAEL J bought 63,074 shares. Heartland Express, Inc shares valued at $690,383 were divested by the Chief Executive Officer at a price of $10.95 per share. As a result of the transaction, GERDIN MICHAEL J now holds 1,259,792 shares, worth roughly $15.84 million.
UBS downgraded its Heartland Express, Inc [HTLD] rating to a Neutral from a a Buy in a research note published on July 09, 2024; the price target was decreased to $13 from $15. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early July from “a Neutral” to “an Underweight”. UBS also remained covering HTLD and has increased its forecast on November 11, 2022 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on March 15, 2022. It rated HTLD as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of HTLD
On Tuesday, Heartland Express, Inc [NASDAQ:HTLD] saw its stock jump 2.95% to $12.57. Over the last five days, the stock has gained 15.53%. Heartland Express, Inc shares have fallen nearly -11.85% since the year began. Nevertheless, the stocks have risen 0.88% over the past one year. While a 52-week high of $14.60 was reached on 01/02/24, a 52-week low of $9.63 was recorded on 04/30/24. SMA at 50 days reached $11.73, while 200 days put it at $11.84.
Levels Of Support And Resistance For HTLD Stock
The 24-hour chart illustrates a support level at 12.17, which if violated will result in even more drops to 11.77. On the upside, there is a resistance level at 12.78. A further resistance level may holdings at 12.99. The Relative Strength Index (RSI) on the 14-day chart is 68.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.09%. Stochastics %K at 88.00% indicates the stock is a selling.
How much short interest is there in Heartland Express, Inc?
A steep rise in short interest was recorded in Heartland Express, Inc stocks on 2024-10-31, dropping by -0.12 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.28 million shares. There was a decline of -9.89%, which implies that there is a negative sentiment for the stock.
