The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. HomeStreet Inc shares valued at $55,750 were purchased by Hand Erik D on Dec 17 ’24. At $11.15 per share, Hand Erik D acquired 5,000 shares.
Also, Tompkins Sidney Craig purchased 5,000 shares, netting a total of over 57,462 in proceeds. Following the buying of shares at $11.49 each, the insider now holds 5,000 shares.
Before that, Parr David L had sold 5,210 shares from its account. In a trade valued at $60,097, the EVP, DIR. OF COMM’L BANKING traded HomeStreet Inc shares for $11.53 each. Upon closing the transaction, the insider’s holdings decreased to 5,210 shares, worth approximately $0.0.
As published in a research note from Wedbush on November 05, 2024, HomeStreet Inc [HMST] has been rated up from a Neutral to an Outperform and the price target has been revised to $12. Analysts at Janney upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of April 26, 2023, Wedbush has decreased its “an Outperform” rating to a “Neutral” for HMST. Earlier on February 01, 2023, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for HMST stock which previously was a “an Underweight”.
Analyzing HMST Stock Performance
During the last five days, there has been a drop of approximately -12.78%. Over the course of the year, HomeStreet Inc shares have dropped approximately -12.78%. Shares of the company reached a 52-week high of $11.99 on 01/02/25 and a 52-week low of $9.66 on 01/08/25. A 50-day SMA is recorded $11.20, while a 200-day SMA reached $12.54. Nevertheless, trading volume fell to 93621.0 shares from 0.16 million shares the previous day.
Support And Resistance Levels for HomeStreet Inc (HMST)
According to the 24-hour chart, there is a support level at 9.68, which, if violated, would cause prices to drop to 9.41. In the upper region, resistance lies at 10.21. The next price resistance is at 10.46. RSI (Relative Strength Index) is 30.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 87.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
