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A company insider recently bought 3,500 shares of HA Sustainable Infrastructure Capital Inc [HASI]. Should You Buy?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HA Sustainable Infrastructure Capital Inc shares valued at $100,485 were purchased by Pangburn Marc T. on Nov 11 ’24. At $28.71 per share, Pangburn Marc T. acquired 3,500 shares. The insider’s holdings grew to 56,791 shares worth approximately $1.76 million following the completion of this transaction.

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Also, Eckel Jeffrey sold 109,670 shares, netting a total of over 3,829,676 in proceeds. Following the sale of shares at $34.92 each, the insider now holds 473,049 shares.

Before that, Eckel Jeffrey had sold 36,330 shares from its account. In a trade valued at $1,262,468, the Executive Chair traded HA Sustainable Infrastructure Capital Inc shares for $34.75 each. Upon closing the transaction, the insider’s holdings decreased to 36,330 shares, worth approximately $13.52 million.

Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of September 03, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for HASI. Earlier on November 28, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for HASI stock.

Analyzing HASI Stock Performance

During the last five days, there has been a drop of approximately -1.02%. Over the course of the year, HA Sustainable Infrastructure Capital Inc shares have jumped approximately 12.22%. Shares of the company reached a 52-week high of $36.56 on 11/04/24 and a 52-week low of $21.77 on 01/19/24. A 50-day SMA is recorded $32.40, while a 200-day SMA reached $30.44. Nevertheless, trading volume fell to 0.82 million shares from 1.1 million shares the previous day.

Support And Resistance Levels for HA Sustainable Infrastructure Capital Inc (HASI)

According to the 24-hour chart, there is a support level at 30.78, which, if violated, would cause prices to drop to 30.62. In the upper region, resistance lies at 31.23. The next price resistance is at 31.51. RSI (Relative Strength Index) is 50.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.21, which suggests the price will increase in the coming days. Percent R is at 13.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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