Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Humacyte Inc shares valued at $3,601,604 were sold by Niklason Laura E on Nov 18 ’24. At $4.44 per share, Niklason Laura E sold 811,172 shares. The insider’s holdings dropped to 2,419,712 shares worth approximately $10.67 million following the completion of this transaction.
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Also, Niklason Laura E sold 427,459 shares, netting a total of over 1,855,172 in proceeds. Following the sale of shares at $4.34 each, the insider now holds 1,992,253 shares.
Before that, Niklason Laura E had sold 261,369 shares from its account. In a trade valued at $1,150,024, the President, CEO and Director traded Humacyte Inc shares for $4.40 each. Upon closing the transaction, the insider’s holdings decreased to 261,369 shares, worth approximately $7.63 million.
As published in their initiating research note from H.C. Wainwright on December 11, 2023, Humacyte Inc [HUMA] has been a Buy and the price target has been revised to $6. Analysts at Piper Sandler upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of June 22, 2023, Cantor Fitzgerald has initiated its “an Overweight” rating for HUMA. Earlier on May 16, 2022, Piper Sandler downgraded its rating. Their new recommendation was “an Underweight” for HUMA stock which previously was a “an Overweight”.
Analyzing HUMA Stock Performance
During the last five days, there has been a drop of approximately -17.42%. Over the course of the year, Humacyte Inc shares have jumped approximately 55.28%. Shares of the company reached a 52-week high of $9.97 on 05/31/24 and a 52-week low of $2.48 on 01/17/24. A 50-day SMA is recorded $5.36, while a 200-day SMA reached $5.39. Nevertheless, trading volume fell to 2.09 million shares from 3.21 million shares the previous day.
Support And Resistance Levels for Humacyte Inc (HUMA)
According to the 24-hour chart, there is a support level at 4.28, which, if violated, would cause prices to drop to 4.14. In the upper region, resistance lies at 4.56. The next price resistance is at 4.71. RSI (Relative Strength Index) is 35.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 86.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
