Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Huntington Bancshares, Inc shares valued at $51,510 were purchased by Syal Rajeev on Nov 27 ’24. At $18.24 per share, Syal Rajeev acquired 2,824 shares.
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Also, White Donnell R sold 2,840 shares, netting a total of over 50,069 in proceeds. Following the sale of shares at $17.63 each, the insider now holds 16,373 shares.
Before that, White Donnell R had added 2,840 shares to its account. In a trade valued at $50,069, the Officer bought Huntington Bancshares, Inc shares for $17.63 each.
Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of June 14, 2024, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for HBAN. Earlier on May 28, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for HBAN stock which previously was a “a Neutral”.
Analyzing HBAN Stock Performance
During the last five days, there has been a drop of approximately -2.77%. Over the course of the year, Huntington Bancshares, Inc shares have jumped approximately 29.48%. Shares of the company reached a 52-week high of $18.44 on 11/25/24 and a 52-week low of $12.02 on 01/18/24. A 50-day SMA is recorded $16.79, while a 200-day SMA reached $14.58. Nevertheless, trading volume fell to 5.07 million shares from 9.02 million shares the previous day.
Support And Resistance Levels for Huntington Bancshares, Inc (HBAN)
According to the 24-hour chart, there is a support level at 16.30, which, if violated, would cause prices to drop to 16.15. In the upper region, resistance lies at 16.55. The next price resistance is at 16.64. RSI (Relative Strength Index) is 41.96 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 70.42%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
