Horizon Technology Finance Corp’s recent filing unveils that its Director Balkin Michael acquired Company’s shares for reported $0.17 million on Dec 16 ’24. In the deal valued at $8.53 per share,20,000 shares were bought. As a result of this transaction, Balkin Michael now holds 20,000 shares worth roughly $0.18 million.
Then, Michaud Gerald A. bought 8,000 shares, generating $74,519 in total proceeds. Upon buying the shares at $9.31, the President now owns 169,309 shares.
Before that, SAVAGE JOSEPH J bought 5,000 shares. Horizon Technology Finance Corp shares valued at $46,750 were divested by the Director at a price of $9.35 per share. As a result of the transaction, SAVAGE JOSEPH J now holds 55,000 shares, worth roughly $0.51 million.
Compass Point upgraded its Horizon Technology Finance Corp [HRZN] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. B. Riley Securities also remained covering HRZN and has decreased its forecast on January 08, 2024 with a “Sell” recommendation from previously “Neutral” rating. Compass Point revised its rating on October 17, 2023. It rated HRZN as “a Sell” which previously was an “a Neutral”.
Price Performance Review of HRZN
On Friday, Horizon Technology Finance Corp [NASDAQ:HRZN] saw its stock jump 1.32% to $9.20. Over the last five days, the stock has lost -0.81%. Horizon Technology Finance Corp shares have risen nearly 2.34% since the year began. Nevertheless, the stocks have fallen -21.03% over the past one year. While a 52-week high of $12.63 was reached on 03/03/25, a 52-week low of $8.46 was recorded on 03/05/25. SMA at 50 days reached $9.39, while 200 days put it at $10.40.
Levels Of Support And Resistance For HRZN Stock
The 24-hour chart illustrates a support level at 9.10, which if violated will result in even more drops to 8.99. On the upside, there is a resistance level at 9.28. A further resistance level may holdings at 9.35. The Relative Strength Index (RSI) on the 14-day chart is 45.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.11%. Stochastics %K at 38.45% indicates the stock is a holding.
How much short interest is there in Horizon Technology Finance Corp?
A steep rise in short interest was recorded in Horizon Technology Finance Corp stocks on 2025-02-28, growing by 0.16 million shares to a total of 0.48 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.32 million shares. There was a rise of 33.82%, which implies that there is a positive sentiment for the stock.
