In a filing, Horizon Bancorp Inc (IN) revealed its Executive Vice President & GC Etzler Todd A. unloaded Company’s shares for reported $10614.0 on Dec 04 ’24. In the deal valued at $17.99 per share,590 shares were sold. As a result of this transaction, Etzler Todd A. now holds 0 shares worth roughly $0.0.
Then, DeRuiter Kathie A sold 14,909 shares, generating $268,213 in total proceeds. Upon selling the shares at $17.99, the Executive Vice President now owns 0 shares.
Before that, Kerber Lynn sold 1,748 shares. Horizon Bancorp Inc (IN) shares valued at $31,447 were divested by the EVP & SCCO at a price of $17.99 per share. As a result of the transaction, Kerber Lynn now holds 0 shares, worth roughly $0.0.
Hovde Group initiated its Horizon Bancorp Inc (IN) [HBNC] rating to an Outperform in a research note published on September 30, 2024; the price target was $18. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early July from “an Outperform” to “a Mkt perform”. Piper Sandler also remained covering HBNC and has decreased its forecast on February 22, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Keefe Bruyette revised its rating on October 28, 2022. It rated HBNC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of HBNC
On Friday, Horizon Bancorp Inc (IN) [NASDAQ:HBNC] saw its stock jump 1.85% to $16.48. Over the last five days, the stock has lost -6.31%. Horizon Bancorp Inc (IN) shares have risen nearly 15.16% since the year began. Nevertheless, the stocks have risen 18.90% over the past one year. While a 52-week high of $19.18 was reached on 11/25/24, a 52-week low of $11.18 was recorded on 04/16/24. SMA at 50 days reached $17.17, while 200 days put it at $14.36.
Levels Of Support And Resistance For HBNC Stock
The 24-hour chart illustrates a support level at 16.15, which if violated will result in even more drops to 15.82. On the upside, there is a resistance level at 16.74. A further resistance level may holdings at 17.00. The Relative Strength Index (RSI) on the 14-day chart is 35.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.74%. Stochastics %K at 7.29% indicates the stock is a buying.
How much short interest is there in Horizon Bancorp Inc (IN)?
A steep rise in short interest was recorded in Horizon Bancorp Inc (IN) stocks on 2024-11-29, growing by 70795.0 shares to a total of 0.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.57 million shares. There was a rise of 11.04%, which implies that there is a positive sentiment for the stock.
