Highwoods Properties, Inc’s filing revealed that its Director DAVID J. HARTZELL acquired Company’s shares for reported $0.21 million on Nov 06 ’24. In the deal valued at $33.26 per share,6,173 shares were bought.
Then, Hartzell David John sold 6,173 shares, generating $205,314 in total proceeds. Upon selling the shares at $33.26, the Director now owns 28,729 shares.
Deutsche Bank downgraded its Highwoods Properties, Inc [HIW] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering HIW and has decreased its forecast on December 21, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. BofA Securities revised its rating on November 13, 2023. It rated HIW as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HIW
On Tuesday, Highwoods Properties, Inc [NYSE:HIW] saw its stock fall -3.47% to $28.08. Over the last five days, the stock has lost -2.80%. Highwoods Properties, Inc shares have fallen nearly -8.18% since the year began. Nevertheless, the stocks have risen 14.85% over the past one year. While a 52-week high of $36.78 was reached on 01/03/25, a 52-week low of $23.52 was recorded on 02/12/25. SMA at 50 days reached $29.46, while 200 days put it at $30.21.
Levels Of Support And Resistance For HIW Stock
The 24-hour chart illustrates a support level at 27.74, which if violated will result in even more drops to 27.41. On the upside, there is a resistance level at 28.74. A further resistance level may holdings at 29.40. The Relative Strength Index (RSI) on the 14-day chart is 37.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.19%. Stochastics %K at 58.33% indicates the stock is a holding.
