Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hasbro, Inc shares valued at $111,782 were sold by Austin Matthew Edward on Nov 29 ’24. At $65.06 per share, Austin Matthew Edward sold 1,718 shares. The insider’s holdings dropped to 36,828 shares worth approximately $2.12 million following the completion of this transaction.
Also, MATTHEW AUSTIN purchased 1,718 shares, netting a total of over 111,782 in proceeds.
Before that, Sibley Tarrant L. had sold 13,000 shares from its account. In a trade valued at $783,442, the EVP, CLO and Corp Secretary traded Hasbro, Inc shares for $60.26 each. Upon closing the transaction, the insider’s holdings decreased to 13,000 shares, worth approximately $3.05 million.
As published in a research note from BofA Securities on September 16, 2024, Hasbro, Inc [HAS] has been retained to a Buy and the price target has been revised to $90. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of May 23, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for HAS. Earlier on April 25, 2024, Monness Crespi & Hardt resumed its rating. Their recommendation was “a Buy” for HAS stock.
Analyzing HAS Stock Performance
During the last five days, there has been a surge of approximately 2.46%. Over the course of the year, Hasbro, Inc shares have jumped approximately 2.92%. Shares of the company reached a 52-week high of $58.50 on 01/21/25 and a 52-week low of $55.59 on 01/15/25. A 50-day SMA is recorded $60.60, while a 200-day SMA reached $62.95. Nevertheless, trading volume fell to 1.71 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Hasbro, Inc (HAS)
According to the 24-hour chart, there is a support level at 57.01, which, if violated, would cause prices to drop to 56.48. In the upper region, resistance lies at 57.86. The next price resistance is at 58.19. RSI (Relative Strength Index) is 44.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 32.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
