Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Turtle Beach Corp shares valued at $83,130 were sold by Ballard Lloyd Gregory on Nov 21 ’24. At $15.00 per share, Ballard Lloyd Gregory sold 5,542 shares. The insider’s holdings dropped to 37,123 shares worth approximately $0.63 million following the completion of this transaction.
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Also, Keirn Cris purchased 3,000 shares, netting a total of over 44,580 in proceeds. Following the buying of shares at $14.86 each, the insider now holds 35,648 shares.
Before that, LLOYD GREGORY BALLARD had added 5,542 shares to its account. In a trade valued at $83,130, the Director bought Turtle Beach Corp shares for $15.00 each.
As published in a research note from Oppenheimer on August 09, 2024, Turtle Beach Corp [HEAR] has been rated up from a Perform to an Outperform and the price target has been revised to $17. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of November 28, 2022, ROTH Capital has initiated its “Buy” rating for HEAR. Earlier on August 09, 2022, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for HEAR stock which previously was a “an Outperform”.
Analyzing HEAR Stock Performance
During the last five days, there has been a surge of approximately 13.95%. Over the course of the year, Turtle Beach Corp shares have jumped approximately 54.43%. Shares of the company reached a 52-week high of $18.45 on 04/01/24 and a 52-week low of $9.77 on 01/11/24. A 50-day SMA is recorded $15.70, while a 200-day SMA reached $14.91. Nevertheless, trading volume fell to 0.11 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Turtle Beach Corp (HEAR)
According to the 24-hour chart, there is a support level at 16.65, which, if violated, would cause prices to drop to 16.39. In the upper region, resistance lies at 17.08. The next price resistance is at 17.25. RSI (Relative Strength Index) is 59.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 13.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
