Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Horizon Bancorp Inc (IN) shares valued at $171,400 were sold by DWIGHT CRAIG M on Feb 19 ’25. At $17.14 per share, DWIGHT CRAIG M sold 10,000 shares. The insider’s holdings dropped to 463,139 shares worth approximately $6.28 million following the completion of this transaction.
Also, Etzler Todd A. sold 590 shares, netting a total of over 10,614 in proceeds. Following the sale of shares at $17.99 each, the insider now holds 0 shares.
Before that, DeRuiter Kathie A had sold 14,909 shares from its account. In a trade valued at $268,213, the Executive Vice President traded Horizon Bancorp Inc (IN) shares for $17.99 each. Upon closing the transaction, the insider’s holdings decreased to 14,909 shares, worth approximately $0.0.
As published in their initiating research note from Hovde Group on September 30, 2024, Horizon Bancorp Inc (IN) [HBNC] has been an Outperform and the price target has been revised to $18. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early July. As of February 22, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for HBNC. Earlier on October 28, 2022, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for HBNC stock which previously was a “an Outperform”.
Analyzing HBNC Stock Performance
During the last five days, there has been a surge of approximately 4.15%. Over the course of the year, Horizon Bancorp Inc (IN) shares have dropped approximately -15.89%. Shares of the company reached a 52-week high of $17.76 on 02/11/25 and a 52-week low of $12.70 on 04/11/25. A 50-day SMA is recorded $15.59, while a 200-day SMA reached $15.83.
Support And Resistance Levels for Horizon Bancorp Inc (IN) (HBNC)
According to the 24-hour chart, there is a support level at 13.21, which, if violated, would cause prices to drop to 12.87. In the upper region, resistance lies at 13.78. The next price resistance is at 14.02. RSI (Relative Strength Index) is 38.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 67.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
