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The Attractiveness of Investing In Haemonetics Corp (HAE) is Growing

In a filing, Haemonetics Corp revealed its Former Officer Lingamneni Anila acquired Company’s shares for reported $0.57 million on Nov 11 ’24. In the deal valued at $90.68 per share,6,238 shares were bought.

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Then, Strong Stewart W sold 4,312 shares, generating $393,039 in total proceeds. Upon selling the shares at $91.15, the President, Global Hospital now owns 18,196 shares.

Before that, Strong Stewart W bought 4,312 shares. Haemonetics Corp shares valued at $393,039 were divested by the Officer at a price of $91.15 per share.

Raymond James upgraded its Haemonetics Corp [HAE] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. BofA Securities began covering HAE with “Neutral” recommendation on September 11, 2024. BTIG Research started covering the stock on September 10, 2024. It rated HAE as “a Buy”.

Price Performance Review of HAE

On Friday, Haemonetics Corp [NYSE:HAE] saw its stock fall -1.69% to $89.22. Over the last five days, the stock has gained 2.06%. Haemonetics Corp shares have risen nearly 4.34% since the year began. Nevertheless, the stocks have fallen -0.10% over the past one year. While a 52-week high of $97.97 was reached on 05/15/24, a 52-week low of $70.25 was recorded on 10/31/24. SMA at 50 days reached $77.55, while 200 days put it at $81.78.

Levels Of Support And Resistance For HAE Stock

The 24-hour chart illustrates a support level at 88.10, which if violated will result in even more drops to 86.97. On the upside, there is a resistance level at 90.89. A further resistance level may holdings at 92.55. The Relative Strength Index (RSI) on the 14-day chart is 67.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.31%. Stochastics %K at 82.20% indicates the stock is a selling.

How much short interest is there in Haemonetics Corp?

A steep rise in short interest was recorded in Haemonetics Corp stocks on 2024-10-31, dropping by -0.26 million shares to a total of 5.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.42 million shares. There was a decline of -5.09%, which implies that there is a negative sentiment for the stock.

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