Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Huntington Bancshares, Inc shares valued at $152,402 were sold by Wasserman Zachary Jacob on Nov 13 ’24. At $17.63 per share, Wasserman Zachary Jacob sold 8,644 shares. The insider’s holdings dropped to 259,943 shares worth approximately $4.58 million following the completion of this transaction.
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Also, Kleinman Scott D sold 28,600 shares, netting a total of over 505,391 in proceeds. Following the sale of shares at $17.67 each, the insider now holds 496,076 shares.
Before that, Kleinman Scott D had added 28,600 shares to its account. In a trade valued at $505,376, the Officer bought Huntington Bancshares, Inc shares for $17.67 each.
As published in a research note from Robert W. Baird on July 26, 2024, Huntington Bancshares, Inc [HBAN] has been rated down from an Outperform to a Neutral and the price target has been revised to $15. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid June. As of May 28, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for HBAN. Earlier on April 08, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for HBAN stock which previously was a “a Hold”.
Analyzing HBAN Stock Performance
During the last five days, there has been a surge of approximately 0.51%. Over the course of the year, Huntington Bancshares, Inc shares have jumped approximately 38.52%. Shares of the company reached a 52-week high of $17.97 on 11/13/24 and a 52-week low of $12.02 on 01/18/24. A 50-day SMA is recorded $15.65, while a 200-day SMA reached $14.11. Nevertheless, trading volume fell to 21.9 million shares from 11.11 million shares the previous day.
Support And Resistance Levels for Huntington Bancshares, Inc (HBAN)
According to the 24-hour chart, there is a support level at 17.41, which, if violated, would cause prices to drop to 17.19. In the upper region, resistance lies at 17.83. The next price resistance is at 18.04. RSI (Relative Strength Index) is 68.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 12.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
