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. Herc Holdings Inc shares valued at $911,788 were purchased by Peres Tamir on Nov 25 ’24. At $226.47 per share, Peres Tamir acquired 4,026 shares.
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Also, Silber Lawrence Harris sold 45,816 shares, netting a total of over 10,877,199 in proceeds. Following the sale of shares at $237.41 each, the insider now holds 167,566 shares.
Before that, Silber Lawrence Harris had added 45,816 shares to its account. In a trade valued at $10,766,760, the Officer bought Herc Holdings Inc shares for $235.00 each.
As published in their initiating research note from JP Morgan on June 07, 2024, Herc Holdings Inc [HRI] has been a Neutral and the price target has been revised to $155. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early December. As of July 21, 2023, BofA Securities has decreased its “Buy” rating to a “an Underperform” for HRI. Earlier on March 11, 2022, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for HRI stock.
Analyzing HRI Stock Performance
During the last five days, there has been a drop of approximately -8.26%. Over the course of the year, Herc Holdings Inc shares have jumped approximately 41.28%. Shares of the company reached a 52-week high of $246.88 on 11/06/24 and a 52-week low of $124.70 on 07/09/24. A 50-day SMA is recorded $204.82, while a 200-day SMA reached $161.72. Nevertheless, trading volume fell to 0.55 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Herc Holdings Inc (HRI)
According to the 24-hour chart, there is a support level at 206.40, which, if violated, would cause prices to drop to 202.46. In the upper region, resistance lies at 215.69. The next price resistance is at 221.04. RSI (Relative Strength Index) is 41.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.47, which suggests the price will decrease in the coming days. Percent R is at 91.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
