Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hagerty Inc shares valued at $338,513 were purchased by KAUFFMAN ROBERT I on Nov 27 ’24. At $11.71 per share, KAUFFMAN ROBERT I acquired 28,908 shares.
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Also, KAUFFMAN ROBERT I sold 49,482 shares, netting a total of over 573,991 in proceeds. Following the sale of shares at $11.60 each, the insider now holds 4,660,586 shares.
Before that, KAUFFMAN ROBERT I had sold 37,228 shares from its account. In a trade valued at $428,867, the Director traded Hagerty Inc shares for $11.52 each. Upon closing the transaction, the insider’s holdings decreased to 37,228 shares, worth approximately $55.47 million.
As published in their initiating research note from JP Morgan on January 11, 2024, Hagerty Inc [HGTY] has been a Neutral and the price target has been revised to $9. Analysts at Truist started covering the stock with ‘”a Hold”‘ outlook in a report released in mid June. As of October 20, 2022, Raymond James has initiated its “Mkt perform” rating for HGTY.
Analyzing HGTY Stock Performance
During the last five days, there has been a surge of approximately 6.24%. Over the course of the year, Hagerty Inc shares have jumped approximately 50.64%. Shares of the company reached a 52-week high of $12.35 on 08/27/24 and a 52-week low of $7.68 on 01/19/24. A 50-day SMA is recorded $10.86, while a 200-day SMA reached $10.11. Nevertheless, trading volume fell to 97538.0 shares from 0.12 million shares the previous day.
Support And Resistance Levels for Hagerty Inc (HGTY)
According to the 24-hour chart, there is a support level at 11.65, which, if violated, would cause prices to drop to 11.55. In the upper region, resistance lies at 11.81. The next price resistance is at 11.88. RSI (Relative Strength Index) is 63.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 3.61%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
