The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Healthequity Inc shares valued at $99,848 were sold by Corvino Frank on Nov 06 ’24. At $96.10 per share, Corvino Frank sold 1,039 shares. The insider’s holdings dropped to 3,784 shares worth approximately $0.39 million following the completion of this transaction.
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Also, SELANDER ROBERT W sold 8,250 shares, netting a total of over 684,578 in proceeds. Following the sale of shares at $82.98 each, the insider now holds 54,719 shares.
Before that, ROBERT SELANDER had added 8,250 shares to its account. In a trade valued at $684,577, the Director bought Healthequity Inc shares for $82.98 each.
As published in their initiating research note from Goldman on November 15, 2024, Healthequity Inc [HQY] has been a Neutral and the price target has been revised to $108. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in early April. As of April 02, 2024, JP Morgan has reiterated its “an Overweight” rating for HQY. Earlier on January 03, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for HQY stock.
Analyzing HQY Stock Performance
During the last five days, there has been a surge of approximately 8.61%. Over the course of the year, Healthequity Inc shares have jumped approximately 55.29%. Shares of the company reached a 52-week high of $103.69 on 11/20/24 and a 52-week low of $65.01 on 08/05/24. A 50-day SMA is recorded $86.66, while a 200-day SMA reached $81.30. Nevertheless, trading volume fell to 0.76 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Healthequity Inc (HQY)
According to the 24-hour chart, there is a support level at 101.55, which, if violated, would cause prices to drop to 100.14. In the upper region, resistance lies at 104.03. The next price resistance is at 105.11. RSI (Relative Strength Index) is 72.98 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.93, which suggests the price will increase in the coming days. Percent R is at 3.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
