Federated Hermes Inc’s recently made public that its Vice President Uhlman Paul A unloaded Company’s shares for reported $0.26 million on Nov 19 ’24. In the deal valued at $41.39 per share,6,311 shares were sold. As a result of this transaction, Uhlman Paul A now holds 310,767 shares worth roughly $11.91 million.
Then, Nusseibeh Saker Anwar sold 4,454 shares, generating $184,301 in total proceeds. Upon selling the shares at $41.38, the CEO, Hermes Fund Managers Ltd. now owns 184,642 shares.
Before that, Novak Richard A sold 1,363 shares. Federated Hermes Inc shares valued at $56,518 were divested by the Principal Accounting Officer at a price of $41.47 per share. As a result of the transaction, Novak Richard A now holds 53,837 shares, worth roughly $2.06 million.
Deutsche Bank downgraded its Federated Hermes Inc [FHI] rating to a Hold from a a Buy in a research note published on January 08, 2025; the price target was decreased to $43 from $45. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. TD Cowen also remained covering FHI and has increased its forecast on October 28, 2024 with a “Buy” recommendation from previously “Hold” rating. UBS started covering the stock on January 05, 2024. It rated FHI as “a Neutral”.
Price Performance Review of FHI
On Friday, Federated Hermes Inc [NYSE:FHI] saw its stock fall -2.42% to $38.34. Over the last five days, the stock has lost -6.14%. Federated Hermes Inc shares have fallen nearly -6.74% since the year began. Nevertheless, the stocks have risen 18.09% over the past one year. While a 52-week high of $43.92 was reached on 01/06/25, a 52-week low of $31.23 was recorded on 01/10/25. SMA at 50 days reached $41.52, while 200 days put it at $36.19.
Levels Of Support And Resistance For FHI Stock
The 24-hour chart illustrates a support level at 37.69, which if violated will result in even more drops to 37.05. On the upside, there is a resistance level at 38.93. A further resistance level may holdings at 39.53. The Relative Strength Index (RSI) on the 14-day chart is 25.89, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.37%. Stochastics %K at 15.67% indicates the stock is a buying.
How much short interest is there in Federated Hermes Inc?
A steep rise in short interest was recorded in Federated Hermes Inc stocks on 2024-12-13, growing by 0.1 million shares to a total of 2.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.65 million shares. There was a rise of 3.79%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 04, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $32 price target.
