Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hertz Global Holdings Inc shares valued at $18,193 were purchased by Leef Eric on Dec 03 ’24. At $4.51 per share, Leef Eric acquired 4,034 shares.
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Also, Leef Eric sold 4,034 shares, netting a total of over 18,193 in proceeds. Following the sale of shares at $4.51 each, the insider now holds 321,830 shares.
Before that, FIELDS MARK had sold 75,000 shares from its account. In a trade valued at $303,750, the Director traded Hertz Global Holdings Inc shares for $4.05 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $1.05 million.
As published in a research note from JP Morgan on October 21, 2024, Hertz Global Holdings Inc [HTZ] has been rated down from a Neutral to an Underweight. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in mid September. As of April 26, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for HTZ. Earlier on April 04, 2024, Goldman downgraded its rating. Their new recommendation was “a Sell” for HTZ stock which previously was a “a Neutral”.
Analyzing HTZ Stock Performance
During the last five days, there has been a drop of approximately -6.43%. Over the course of the year, Hertz Global Holdings Inc shares have dropped approximately -67.08%. Shares of the company reached a 52-week high of $10.62 on 01/02/24 and a 52-week low of $2.47 on 09/11/24. A 50-day SMA is recorded $3.69, while a 200-day SMA reached $4.30. Nevertheless, trading volume fell to 2.46 million shares from 4.33 million shares the previous day.
Support And Resistance Levels for Hertz Global Holdings Inc (HTZ)
According to the 24-hour chart, there is a support level at 3.37, which, if violated, would cause prices to drop to 3.24. In the upper region, resistance lies at 3.57. The next price resistance is at 3.64. RSI (Relative Strength Index) is 37.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 81.87%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
