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. NMI Holdings Inc shares valued at $12,222 were sold by Realmuto Nicholas Daniel on Sep 18 ’24. At $42.00 per share, Realmuto Nicholas Daniel sold 291 shares. The insider’s holdings dropped to 9,536 shares worth approximately $0.34 million following the completion of this transaction.
Also, Leatherberry William J sold 3,000 shares, netting a total of over 120,210 in proceeds. Following the sale of shares at $40.07 each, the insider now holds 153,689 shares.
Before that, Leatherberry William J had sold 2,000 shares from its account. In a trade valued at $80,000, the Chief Admin. Officer & GC traded NMI Holdings Inc shares for $40.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $5.51 million.
As published in a research note from Barclays on January 06, 2025, NMI Holdings Inc [NMIH] has been rated down from an Overweight to an Equal weight and the price target has been revised to $41 from $48. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid September. As of May 22, 2024, UBS has decreased its “Buy” rating to a “Neutral” for NMIH. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Buy” for NMIH stock.
Analyzing NMIH Stock Performance
During the last five days, there has been a drop of approximately -2.68%. Over the course of the year, NMI Holdings Inc shares have dropped approximately -4.30%. Shares of the company reached a 52-week high of $39.39 on 01/30/25 and a 52-week low of $34.52 on 01/13/25. A 50-day SMA is recorded $37.22, while a 200-day SMA reached $37.31. Nevertheless, trading volume fell to 0.56 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for NMI Holdings Inc (NMIH)
According to the 24-hour chart, there is a support level at 35.00, which, if violated, would cause prices to drop to 34.81. In the upper region, resistance lies at 35.43. The next price resistance is at 35.67. RSI (Relative Strength Index) is 34.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.69, which suggests the price will decrease in the coming days. Percent R is at 90.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
