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HRZN (Horizon Technology Finance Corp) may reap gains as insiders became active recently

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Horizon Technology Finance Corp’s filing revealed that its Director SAVAGE JOSEPH J acquired Company’s shares for reported $46750.0 on Nov 13 ’24. In the deal valued at $9.35 per share,5,000 shares were bought. As a result of this transaction, SAVAGE JOSEPH J now holds 55,000 shares worth roughly $0.51 million.

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Then, SAVAGE JOSEPH J bought 4,500 shares, generating $41,400 in total proceeds. Upon buying the shares at $9.20, the Director now owns 59,500 shares.

Before that, Goodman Jonathan Joseph bought 2,313 shares. Horizon Technology Finance Corp shares valued at $25,004 were divested by the Director at a price of $10.81 per share. As a result of the transaction, Goodman Jonathan Joseph now holds 2,313 shares, worth roughly $21487.769999999997.

Ladenburg Thalmann downgraded its Horizon Technology Finance Corp [HRZN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. Compass Point also remained covering HRZN and has decreased its forecast on October 17, 2023 with a “Sell” recommendation from previously “Neutral” rating. Compass Point revised its rating on September 27, 2023. It rated HRZN as “a Neutral” which previously was an “a Sell”.

Price Performance Review of HRZN

On Friday, Horizon Technology Finance Corp [NASDAQ:HRZN] saw its stock jump 0.76% to $9.29. Over the last five days, the stock has gained 1.31%. Horizon Technology Finance Corp shares have fallen nearly -29.16% since the year began. Nevertheless, the stocks have fallen -23.90% over the past one year. While a 52-week high of $13.67 was reached on 01/05/24, a 52-week low of $9.07 was recorded on 11/15/24. SMA at 50 days reached $10.09, while 200 days put it at $11.33.

Levels Of Support And Resistance For HRZN Stock

The 24-hour chart illustrates a support level at 9.23, which if violated will result in even more drops to 9.16. On the upside, there is a resistance level at 9.35. A further resistance level may holdings at 9.40. The Relative Strength Index (RSI) on the 14-day chart is 36.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.11%. Stochastics %K at 27.66% indicates the stock is a holding.

How much short interest is there in Horizon Technology Finance Corp?

A steep rise in short interest was recorded in Horizon Technology Finance Corp stocks on 2024-10-31, growing by 0.14 million shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.72 million shares. There was a rise of 15.92%, which implies that there is a positive sentiment for the stock.

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