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. Highwoods Properties, Inc shares valued at $205,324 were purchased by DAVID J. HARTZELL on Nov 06 ’24. At $33.26 per share, DAVID J. HARTZELL acquired 6,173 shares.
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Also, Hartzell David John sold 6,173 shares, netting a total of over 205,314 in proceeds. Following the sale of shares at $33.26 each, the insider now holds 28,729 shares.
Before that, Evans Carlos E had added 20,000 shares to its account. In a trade valued at $473,400, the Director bought Highwoods Properties, Inc shares for $23.67 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $1.85 million.
As published in a research note from Deutsche Bank on October 01, 2024, Highwoods Properties, Inc [HIW] has been rated down from a Buy to a Hold and the price target has been revised to $35. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of December 21, 2023, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for HIW. Earlier on November 13, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for HIW stock which previously was a “a Buy”.
Analyzing HIW Stock Performance
During the last five days, there has been a drop of approximately -3.30%. Over the course of the year, Highwoods Properties, Inc shares have jumped approximately 29.09%. Shares of the company reached a 52-week high of $36.78 on 10/23/24 and a 52-week low of $21.37 on 01/17/24. A 50-day SMA is recorded $32.91, while a 200-day SMA reached $29.19. Nevertheless, trading volume fell to 1.45 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Highwoods Properties, Inc (HIW)
According to the 24-hour chart, there is a support level at 28.86, which, if violated, would cause prices to drop to 28.08. In the upper region, resistance lies at 31.00. The next price resistance is at 32.35. RSI (Relative Strength Index) is 28.53 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 94.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
