Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Heritage Commerce Corp shares valued at $50,063 were sold by Jones Robertson Clay JR on Mar 10 ’25. At $9.73 per share, Jones Robertson Clay JR sold 5,145 shares. The insider’s holdings dropped to 254,227 shares worth approximately $2.1 million following the completion of this transaction.
Also, Just Susan Svensson sold 1,602 shares, netting a total of over 15,588 in proceeds. Following the sale of shares at $9.73 each, the insider now holds 10,774 shares.
Before that, Conner Jack W had sold 4,000 shares from its account. In a trade valued at $42,080, the Director traded Heritage Commerce Corp shares for $10.52 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $0.9 million.
As published in a research note from Stephens on February 07, 2025, Heritage Commerce Corp [HTBK] has been rated up from an Equal-weight to an Overweight. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid August. As of October 31, 2022, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for HTBK. Earlier on December 28, 2021, Stephens initiated its rating. Their recommendation was “an Overweight” for HTBK stock.
Analyzing HTBK Stock Performance
During the last five days, there has been a drop of approximately -5.17%. Over the course of the year, Heritage Commerce Corp shares have dropped approximately -12.05%. Shares of the company reached a 52-week high of $10.86 on 02/21/25 and a 52-week low of $8.09 on 04/10/25. A 50-day SMA is recorded $9.83, while a 200-day SMA reached $9.80.
Support And Resistance Levels for Heritage Commerce Corp (HTBK)
According to the 24-hour chart, there is a support level at 8.02, which, if violated, would cause prices to drop to 7.79. In the upper region, resistance lies at 8.55. The next price resistance is at 8.85. RSI (Relative Strength Index) is 27.71 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 90.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
