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Robert W. Baird downgrades Huntington Bancshares, Inc (HBAN) stock to a Neutral

In a filing, Huntington Bancshares, Inc revealed its Former Officer Syal Rajeev acquired Company’s shares for reported $51510.0 on Nov 27 ’24. In the deal valued at $18.24 per share,2,824 shares were bought.

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Then, White Donnell R sold 2,840 shares, generating $50,069 in total proceeds. Upon selling the shares at $17.63, the Chief DEI Officer, SVP now owns 16,373 shares.

Before that, White Donnell R bought 2,840 shares. Huntington Bancshares, Inc shares valued at $50,069 were divested by the Officer at a price of $17.63 per share.

Robert W. Baird downgraded its Huntington Bancshares, Inc [HBAN] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid June from “a Neutral” to “an Underweight”. JP Morgan also remained covering HBAN and has increased its forecast on May 28, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies revised its rating on April 08, 2024. It rated HBAN as “a Buy” which previously was an “a Hold”.

Price Performance Review of HBAN

On Friday, Huntington Bancshares, Inc [NASDAQ:HBAN] saw its stock jump 0.06% to $18.01. Over the last five days, the stock has gained 2.21%. Huntington Bancshares, Inc shares have risen nearly 41.59% since the year began. Nevertheless, the stocks have risen 61.81% over the past one year. While a 52-week high of $18.44 was reached on 11/25/24, a 52-week low of $10.73 was recorded on 01/18/24. SMA at 50 days reached $15.99, while 200 days put it at $14.25.

Levels Of Support And Resistance For HBAN Stock

The 24-hour chart illustrates a support level at 17.89, which if violated will result in even more drops to 17.76. On the upside, there is a resistance level at 18.13. A further resistance level may holdings at 18.25. The Relative Strength Index (RSI) on the 14-day chart is 69.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.10%. Stochastics %K at 63.73% indicates the stock is a holding.

How much short interest is there in Huntington Bancshares, Inc?

A steep rise in short interest was recorded in Huntington Bancshares, Inc stocks on 2024-11-15, growing by 4.26 million shares to a total of 33.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 29.39 million shares. There was a rise of 12.66%, which implies that there is a positive sentiment for the stock.

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