💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Principal Financial Group Inc. Sells 28,477 Shares of Powell Industries, Inc. $POWL
Principal Financial Group Inc. significantly reduced its stake in Powell Industries, selling 28,477 shares and retaining 45,532 shares worth approximately $13.88 million. This comes alongside an insider sale by VP William Marshall Mauney Jr., who offloaded 3,000 shares for about $995,190. Despite these sales, Powell Industries reported strong quarterly earnings, surpassing EPS expectations with $3.40 against an estimated $2.85, and increased its quarterly dividend.