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. Goosehead Insurance Inc shares valued at $6,428,599 were sold by Miller Mark on Nov 07 ’24. At $110.22 per share, Miller Mark sold 58,327 shares. The insider’s holdings dropped to 30,000 shares worth approximately $3.79 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Miller Mark sold 3,295 shares, netting a total of over 362,450 in proceeds. Following the sale of shares at $110.00 each, the insider now holds 30,000 shares.
Before that, Miller Mark had added 58,327 shares to its account. In a trade valued at $6,428,466, the Officer bought Goosehead Insurance Inc shares for $110.21 each.
As published in a research note from BMO Capital Markets on August 22, 2024, Goosehead Insurance Inc [GSHD] has been rated down from an Outperform to a Market perform and the price target has been revised to $90. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid August. As of January 10, 2024, TD Cowen has initiated its “an Outperform” rating for GSHD. Earlier on October 17, 2023, UBS initiated its rating. Their recommendation was “a Buy” for GSHD stock.
Analyzing GSHD Stock Performance
During the last five days, there has been a surge of approximately 5.04%. Over the course of the year, Goosehead Insurance Inc shares have jumped approximately 66.89%. Shares of the company reached a 52-week high of $130.39 on 11/27/24 and a 52-week low of $50.47 on 04/25/24. A 50-day SMA is recorded $103.62, while a 200-day SMA reached $78.44. Nevertheless, trading volume fell to 0.2 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Goosehead Insurance Inc (GSHD)
According to the 24-hour chart, there is a support level at 124.76, which, if violated, would cause prices to drop to 123.01. In the upper region, resistance lies at 129.32. The next price resistance is at 132.13. RSI (Relative Strength Index) is 72.39 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.17, which suggests the price will increase in the coming days. Percent R is at 20.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
