In a filing, HNI Corp revealed its Director Porcellato Larry B unloaded Company’s shares for reported $0.11 million on Dec 04 ’24. In the deal valued at $56.95 per share,2,000 shares were sold. As a result of this transaction, Porcellato Larry B now holds 37,880 shares worth roughly $1.96 million.
Then, LARRY B PORCELLATO bought 2,000 shares, generating $113,600 in total proceeds.
Before that, Meade Donna D bought 1,339 shares. HNI Corp shares valued at $75,058 were divested by the Officer at a price of $56.06 per share.
A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Sidoti also remained covering HNI and has decreased its forecast on August 01, 2022 with a “Neutral” recommendation from previously “Buy” rating. Sidoti revised its rating on March 08, 2021. It rated HNI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HNI
On Friday, HNI Corp [NYSE:HNI] saw its stock jump 1.37% to $51.63. Over the last five days, the stock has lost -3.98%. HNI Corp shares have risen nearly 23.43% since the year began. Nevertheless, the stocks have risen 22.84% over the past one year. While a 52-week high of $58.42 was reached on 11/25/24, a 52-week low of $39.95 was recorded on 01/17/24. SMA at 50 days reached $54.11, while 200 days put it at $49.09.
Levels Of Support And Resistance For HNI Stock
The 24-hour chart illustrates a support level at 50.46, which if violated will result in even more drops to 49.29. On the upside, there is a resistance level at 52.41. A further resistance level may holdings at 53.19. The Relative Strength Index (RSI) on the 14-day chart is 35.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.33%. Stochastics %K at 9.99% indicates the stock is a buying.
How much short interest is there in HNI Corp?
A steep rise in short interest was recorded in HNI Corp stocks on 2024-11-29, growing by 40582.0 shares to a total of 0.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.82 million shares. There was a rise of 4.7%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 22, 2020 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating .
