Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Federated Hermes Inc shares valued at $261,201 were sold by Uhlman Paul A on Nov 19 ’24. At $41.39 per share, Uhlman Paul A sold 6,311 shares. The insider’s holdings dropped to 310,767 shares worth approximately $11.89 million following the completion of this transaction.
Also, Nusseibeh Saker Anwar sold 4,454 shares, netting a total of over 184,301 in proceeds. Following the sale of shares at $41.38 each, the insider now holds 184,642 shares.
Before that, Novak Richard A had sold 1,363 shares from its account. In a trade valued at $56,518, the Principal Accounting Officer traded Federated Hermes Inc shares for $41.47 each. Upon closing the transaction, the insider’s holdings decreased to 1,363 shares, worth approximately $2.06 million.
As published in a research note from Deutsche Bank on January 08, 2025, Federated Hermes Inc [FHI] has been rated down from a Buy to a Hold and the price target has been revised to $43 from $45. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of October 28, 2024, TD Cowen has increased its “Hold” rating to a “Buy” for FHI. Earlier on January 05, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for FHI stock.
Analyzing FHI Stock Performance
During the last five days, there has been a drop of approximately -2.65%. Over the course of the year, Federated Hermes Inc shares have dropped approximately -6.96%. Shares of the company reached a 52-week high of $41.38 on 01/06/25 and a 52-week low of $37.40 on 01/13/25. A 50-day SMA is recorded $41.36, while a 200-day SMA reached $36.23. Nevertheless, trading volume fell to 0.75 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Federated Hermes Inc (FHI)
According to the 24-hour chart, there is a support level at 38.05, which, if violated, would cause prices to drop to 37.85. In the upper region, resistance lies at 38.47. The next price resistance is at 38.68. RSI (Relative Strength Index) is 30.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.51, which suggests the price will decrease in the coming days. Percent R is at 79.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
