In a filing, Heartland Express, Inc revealed its Co-Trustee of 10% Owner Ann S. Gerdin Revocable Trust acquired Company’s shares for reported $0.61 million on Nov 18 ’24. In the deal valued at $12.24 per share,49,506 shares were bought. As a result of this transaction, Ann S. Gerdin Revocable Trust now holds 898,584 shares worth roughly $10.12 million.
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Then, GERDIN MICHAEL J bought 1,683 shares, generating $20,179 in total proceeds. Upon buying the shares at $11.99, the Chief Executive Officer now owns 1,313,596 shares.
Before that, GERDIN MICHAEL J bought 35,960 shares. Heartland Express, Inc shares valued at $430,578 were divested by the Chief Executive Officer at a price of $11.97 per share. As a result of the transaction, GERDIN MICHAEL J now holds 1,311,913 shares, worth roughly $14.77 million.
UBS downgraded its Heartland Express, Inc [HTLD] rating to a Neutral from a a Buy in a research note published on July 09, 2024; the price target was decreased to $13 from $15. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early July from “a Neutral” to “an Underweight”. UBS also remained covering HTLD and has increased its forecast on November 11, 2022 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on March 15, 2022. It rated HTLD as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of HTLD
On Friday, Heartland Express, Inc [NASDAQ:HTLD] saw its stock fall -2.68% to $11.26. Over the last five days, the stock has lost -4.41%. Heartland Express, Inc shares have fallen nearly -21.04% since the year began. Nevertheless, the stocks have fallen -17.33% over the past one year. While a 52-week high of $14.60 was reached on 01/02/24, a 52-week low of $9.63 was recorded on 04/30/24. SMA at 50 days reached $11.86, while 200 days put it at $11.76.
Levels Of Support And Resistance For HTLD Stock
The 24-hour chart illustrates a support level at 11.08, which if violated will result in even more drops to 10.90. On the upside, there is a resistance level at 11.51. A further resistance level may holdings at 11.76. The Relative Strength Index (RSI) on the 14-day chart is 30.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.17%. Stochastics %K at 8.70% indicates the stock is a buying.
How much short interest is there in Heartland Express, Inc?
A steep rise in short interest was recorded in Heartland Express, Inc stocks on 2024-11-29, growing by 0.17 million shares to a total of 1.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.16 million shares. There was a rise of 13.06%, which implies that there is a positive sentiment for the stock.
