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. HNI Corp shares valued at $113,910 were sold by Porcellato Larry B on Dec 04 ’24. At $56.95 per share, Porcellato Larry B sold 2,000 shares. The insider’s holdings dropped to 37,880 shares worth approximately $1.81 million following the completion of this transaction.
Also, LARRY B PORCELLATO purchased 2,000 shares, netting a total of over 113,600 in proceeds.
Before that, Meade Donna D had added 1,339 shares to its account. In a trade valued at $75,058, the Officer bought HNI Corp shares for $56.06 each.
Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of August 01, 2022, Sidoti has decreased its “Buy” rating to a “Neutral” for HNI. Earlier on March 08, 2021, Sidoti upgraded its rating. Their new recommendation was “a Buy” for HNI stock which previously was a “a Neutral”.
Analyzing HNI Stock Performance
During the last five days, there has been a drop of approximately -5.04%. Over the course of the year, HNI Corp shares have dropped approximately -5.04%. Shares of the company reached a 52-week high of $51.05 on 01/02/25 and a 52-week low of $47.05 on 01/08/25. A 50-day SMA is recorded $53.30, while a 200-day SMA reached $49.43. Nevertheless, trading volume fell to 0.42 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for HNI Corp (HNI)
According to the 24-hour chart, there is a support level at 47.25, which, if violated, would cause prices to drop to 46.68. In the upper region, resistance lies at 48.20. The next price resistance is at 48.58. RSI (Relative Strength Index) is 24.07 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.07, which suggests the price will decrease in the coming days. Percent R is at 88.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
