Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hagerty Inc shares valued at $49,613 were purchased by KAUFFMAN ROBERT I on Jan 08 ’25. At $9.40 per share, KAUFFMAN ROBERT I acquired 5,278 shares.
Also, KAUFFMAN ROBERT I purchased 6,590 shares, netting a total of over 62,605 in proceeds.
Before that, KAUFFMAN ROBERT I had sold 8,175 shares from its account. In a trade valued at $80,360, the Director traded Hagerty Inc shares for $9.83 each. Upon closing the transaction, the insider’s holdings decreased to 8,175 shares, worth approximately $42.26 million.
As published in a research note from Raymond James on December 26, 2024, Hagerty Inc [HGTY] has been rated down from a Mkt perform to an Underperform. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of June 16, 2023, Truist has initiated its “Hold” rating for HGTY. Earlier on October 20, 2022, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for HGTY stock.
Analyzing HGTY Stock Performance
During the last five days, there has been a drop of approximately -1.14%. Over the course of the year, Hagerty Inc shares have dropped approximately -1.14%. Shares of the company reached a 52-week high of $9.96 on 01/03/25 and a 52-week low of $9.30 on 01/08/25. A 50-day SMA is recorded $10.87, while a 200-day SMA reached $10.37. Nevertheless, trading volume fell to 56225.0 shares from 68800.0 shares the previous day.
Support And Resistance Levels for Hagerty Inc (HGTY)
According to the 24-hour chart, there is a support level at 9.37, which, if violated, would cause prices to drop to 9.21. In the upper region, resistance lies at 9.63. The next price resistance is at 9.73. RSI (Relative Strength Index) is 28.31 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 85.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
