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 $170,600 were purchased by Balkin Michael on Dec 16 ’24. At $8.53 per share, Balkin Michael acquired 20,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.18 million following the completion of this transaction.
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Also, Michaud Gerald A. purchased 8,000 shares, netting a total of over 74,519 in proceeds. Following the buying of shares at $9.31 each, the insider now holds 169,309 shares.
Before that, SAVAGE JOSEPH J had added 5,000 shares to its account. In a trade valued at $46,750, the Director bought Horizon Technology Finance Corp shares for $9.35 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.48 million.
As published in a research note from Compass Point on December 17, 2024, Horizon Technology Finance Corp [HRZN] has been rated up from a Sell to a Neutral and the price target has been revised to $8.25. Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of January 08, 2024, B. Riley Securities has decreased its “Neutral” rating to a “Sell” for HRZN. Earlier on October 17, 2023, Compass Point downgraded its rating. Their new recommendation was “a Sell” for HRZN stock which previously was a “a Neutral”.
Analyzing HRZN Stock Performance
During the last five days, there has been a drop of approximately -6.39%. Over the course of the year, Horizon Technology Finance Corp shares have dropped approximately -32.97%. Shares of the company reached a 52-week high of $13.73 on 01/05/24 and a 52-week low of $8.46 on 12/17/24. A 50-day SMA is recorded $9.60, while a 200-day SMA reached $11.02.
Support And Resistance Levels for Horizon Technology Finance Corp (HRZN)
According to the 24-hour chart, there is a support level at 8.68, which, if violated, would cause prices to drop to 8.58. In the upper region, resistance lies at 8.95. The next price resistance is at 9.12. RSI (Relative Strength Index) is 31.55 on the 14-day chart, showing neutral 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 66.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
