H&E Equipment Services Inc’s recently made public that its CEO Barber Bradley W unloaded Company’s shares for reported $0.79 million on Mar 26 ’24. In the deal valued at $63.44 per share,12,425 shares were sold. As a result of this transaction, Barber Bradley W now holds 196,653 shares worth roughly $17.33 million.
Then, Barber Bradley W sold 11,483 shares, generating $728,252 in total proceeds. Upon selling the shares at $63.42, the CEO now owns 210,170 shares.
Before that, Barber Bradley W sold 1,092 shares. H&E Equipment Services Inc shares valued at $69,255 were divested by the CEO at a price of $63.42 per share. As a result of the transaction, Barber Bradley W now holds 209,078 shares, worth roughly $18.42 million.
UBS downgraded its H&E Equipment Services Inc [HEES] rating to a Neutral from a a Buy in a research note published on January 17, 2025; the price target was increased to $92 from $60. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early August with a ‘”a Sector weight”‘ rating. Raymond James began covering HEES with “Mkt perform” recommendation on June 28, 2024. B. Riley Securities started covering the stock on December 13, 2022. It rated HEES as “a Buy”.
Price Performance Review of HEES
On Friday, H&E Equipment Services Inc [NASDAQ:HEES] saw its stock fall -0.71% to $88.12. Over the last five days, the stock has gained 100.59%. H&E Equipment Services Inc shares have risen nearly 79.98% since the year began. Nevertheless, the stocks have risen 85.67% over the past one year. While a 52-week high of $90.66 was reached on 01/14/25, a 52-week low of $40.92 was recorded on 01/13/25. SMA at 50 days reached $57.31, while 200 days put it at $51.41.
Levels Of Support And Resistance For HEES Stock
The 24-hour chart illustrates a support level at 87.69, which if violated will result in even more drops to 87.25. On the upside, there is a resistance level at 88.91. A further resistance level may holdings at 89.69. The Relative Strength Index (RSI) on the 14-day chart is 81.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 29.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.36%. Stochastics %K at 95.71% indicates the stock is a selling.
How much short interest is there in H&E Equipment Services Inc?
A steep rise in short interest was recorded in H&E Equipment Services Inc stocks on 2024-12-31, growing by 0.17 million shares to a total of 1.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.15 million shares. There was a rise of 12.83%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 11, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $55 price target.
