Highwoods Properties, Inc’s filing revealed that its Director DAVID J. HARTZELL acquired Company’s shares for reported $0.21 million on Nov 06 ’24. In the deal valued at $33.26 per share,6,173 shares were bought.
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Then, Hartzell David John sold 6,173 shares, generating $205,314 in total proceeds. Upon selling the shares at $33.26, the Director now owns 28,729 shares.
Before that, Evans Carlos E bought 20,000 shares. Highwoods Properties, Inc shares valued at $473,400 were divested by the Director at a price of $23.67 per share. As a result of the transaction, Evans Carlos E now holds 62,487 shares, worth roughly $2.03 million.
Deutsche Bank downgraded its Highwoods Properties, Inc [HIW] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering HIW and has decreased its forecast on December 21, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. BofA Securities revised its rating on November 13, 2023. It rated HIW as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HIW
On Tuesday, Highwoods Properties, Inc [NYSE:HIW] saw its stock jump 0.31% to $32.44. Over the last five days, the stock has gained 3.12%. Highwoods Properties, Inc shares have risen nearly 41.29% since the year began. Nevertheless, the stocks have risen 81.53% over the past one year. While a 52-week high of $36.78 was reached on 10/23/24, a 52-week low of $17.58 was recorded on 01/17/24. SMA at 50 days reached $33.44, while 200 days put it at $28.63.
Levels Of Support And Resistance For HIW Stock
The 24-hour chart illustrates a support level at 32.11, which if violated will result in even more drops to 31.79. On the upside, there is a resistance level at 32.64. A further resistance level may holdings at 32.85. The Relative Strength Index (RSI) on the 14-day chart is 45.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.78%. Stochastics %K at 40.38% indicates the stock is a holding.
How much short interest is there in Highwoods Properties, Inc?
A steep rise in short interest was recorded in Highwoods Properties, Inc stocks on 2024-11-15, dropping by -1.49 million shares to a total of 4.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.78 million shares. There was a decline of -34.81%, which implies that there is a negative sentiment for the stock.
