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. Horizon Technology Finance Corp shares valued at $46,750 were purchased by SAVAGE JOSEPH J on Nov 13 ’24. At $9.35 per share, SAVAGE JOSEPH J acquired 5,000 shares. The insider’s holdings grew to 55,000 shares worth approximately $0.51 million following the completion of this transaction.
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Also, SAVAGE JOSEPH J purchased 4,500 shares, netting a total of over 41,400 in proceeds. Following the buying of shares at $9.20 each, the insider now holds 59,500 shares.
Before that, Goodman Jonathan Joseph had added 2,313 shares to its account. In a trade valued at $25,004, the Director bought Horizon Technology Finance Corp shares for $10.81 each. Upon closing the transaction, the insider’s holdings increased to 2,313 shares, worth approximately $21487.769999999997.
As published in a research note from Ladenburg Thalmann on February 28, 2024, Horizon Technology Finance Corp [HRZN] has been rated down from a Buy to a Neutral. Analysts at B. Riley Securities downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of October 17, 2023, Compass Point has decreased its “Neutral” rating to a “Sell” for HRZN. Earlier on September 27, 2023, Compass Point upgraded its rating. Their new recommendation was “a Neutral” for HRZN stock which previously was a “a Sell”.
Analyzing HRZN Stock Performance
During the last five days, there has been a surge of approximately 0.54%. Over the course of the year, Horizon Technology Finance Corp shares have dropped approximately -29.16%. Shares of the company reached a 52-week high of $13.73 on 01/05/24 and a 52-week low of $9.07 on 11/15/24. A 50-day SMA is recorded $10.00, while a 200-day SMA reached $11.27.
Support And Resistance Levels for Horizon Technology Finance Corp (HRZN)
According to the 24-hour chart, there is a support level at 9.26, which, if violated, would cause prices to drop to 9.22. In the upper region, resistance lies at 9.32. The next price resistance is at 9.34. RSI (Relative Strength Index) is 37.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 65.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
