In a filing, Federated Hermes Inc revealed its EVP, CLO & Sec. Germain Peter J unloaded Company’s shares for reported $0.6 million on Nov 08 ’24. In the deal valued at $41.12 per share,14,491 shares were sold. As a result of this transaction, Germain Peter J now holds 198,153 shares worth roughly $8.35 million.
Then, Germain Peter J bought 14,491 shares, generating $600,217 in total proceeds.
Before that, Nusseibeh Saker Anwar sold 12,152 shares. Federated Hermes Inc shares valued at $484,359 were divested by the CEO, Hermes Fund Managers Ltd. at a price of $39.86 per share. As a result of the transaction, Nusseibeh Saker Anwar now holds 179,096 shares, worth roughly $7.55 million.
TD Cowen upgraded its Federated Hermes Inc [FHI] rating to a Buy from a a Hold in a research note published on October 28, 2024; the price target was increased to $46 from $35. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. TD Cowen began covering FHI with “Market perform” recommendation on January 04, 2024. JP Morgan revised its rating on April 11, 2023. It rated FHI as “an Overweight” which previously was an “an Underweight”.
Price Performance Review of FHI
On Monday, Federated Hermes Inc [NYSE:FHI] saw its stock fall -0.05% to $42.16. Over the last five days, the stock has lost -0.09%. Federated Hermes Inc shares have risen nearly 28.36% since the year began. Nevertheless, the stocks have risen 33.45% over the past one year. While a 52-week high of $42.56 was reached on 11/06/24, a 52-week low of $30.15 was recorded on 06/17/24. SMA at 50 days reached $38.09, while 200 days put it at $35.11.
Levels Of Support And Resistance For FHI Stock
The 24-hour chart illustrates a support level at 41.85, which if violated will result in even more drops to 41.54. On the upside, there is a resistance level at 42.42. A further resistance level may holdings at 42.69. The Relative Strength Index (RSI) on the 14-day chart is 69.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.37%. Stochastics %K at 85.41% indicates the stock is a selling.
How much short interest is there in Federated Hermes Inc?
A steep rise in short interest was recorded in Federated Hermes Inc stocks on 2024-10-31, dropping by -1.06 million shares to a total of 1.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.97 million shares. There was a decline of -55.38%, which implies that there is a negative sentiment for the stock.
