Saturday, June 25, 2022

A company insider recently sold 20,000 shares of Hudson Technologies Inc. [HDSN]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hudson Technologies Inc. shares valued at $194,920 were sold by ABBATECOLA VINCENT P on Jun 15. At $9.75 per share, ABBATECOLA VINCENT P sold 20,000 shares. The insider’s holdings dropped to 125,578 shares worth approximately $1.13 million following the completion of this transaction.

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Also, ABBATECOLA VINCENT P sold 20,000 shares, netting a total of over 195,816 in proceeds. Following the sale of shares at $9.79 each, the insider now holds 145,578 shares.

Before that, MANDRACCHIA STEPHEN P had sold 55,785 shares from its account. In a trade valued at $541,114, the Director traded Hudson Technologies Inc. shares for $9.70 each. Upon closing the transaction, the insider’s holdings decreased to 55,785 shares, worth approximately $3.68 million.

As published in a research note from ROTH Capital on March 09, 2022, Hudson Technologies Inc. [HDSN] has been rated up from a Neutral to a Buy and the price target has been revised to $6.50 from $4. This represents a -38.92% premium over Wednesday’s closing price. Analysts at ROTH Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of March 06, 2018, B. Riley FBR Inc. has reiterated its “Neutral” rating for HDSN. Earlier on August 11, 2017, B. Riley & Co. downgraded its rating. Their new recommendation was “a Neutral” for HDSN stock which previously was a “a Buy”.

Analyzing HDSN’s Price Performance

On Wednesday, Hudson Technologies Inc. [NASDAQ: HDSN] plunged -2.90% to $9.03. The stock’s lowest price that day was $8.76, but it reached a high of $9.30 in the same session. During the last five days, there has been a drop of approximately -7.10%. Over the course of the year, Hudson Technologies Inc. shares have jumped approximately 103.38%. Shares of the company reached a 52-week high of $10.76 on 06/08/22 and a 52-week low of $3.11 on 01/31/22. A 50-day SMA is recorded $8.51, while a 200-day SMA reached $5.24. Nevertheless, trading volume fell to 1.15 million shares from 0.96 million shares the previous day.

Support And Resistance Levels for Hudson Technologies Inc. (HDSN)

According to the 24-hour chart, there is a support level at 8.76, which, if violated, would cause prices to drop to 8.49. In the upper region, resistance lies at 9.30. The next price resistance is at 9.57. RSI (Relative Strength Index) is 47.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 86.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of Hudson Technologies Inc. (HDSN)?

According to Cooper Creek Partners Management filings, the company currently owns 3,423,919 shares, which is about 7.62% of the total HDSN shares outstanding. The investor’s shares have plunged by -665,860 from its previous 13-F filing of 4089779.0 shares. With the completion of the sale, ArrowMark Colorado Holdings LLC’s stake is now worth $29,832,050. Riva Ridge Capital Management LP acquire a 17.68% interest valued at $27.44 million while Goldberg Capital Management 2,727,694 stake. A total of -134,424 shares of Hudson Technologies Inc. by Westerly Capital Management LLC during the quarter, and 14,199 were bought by The Vanguard Group, Inc. In its current portfolio, 325 Capital LLC holds 1,292,791 shares valued at $12.93 million.

In terms of Hudson Technologies Inc. share price expectations, FactSet research, analysts set an average price target of $10.00 in the next 12 months, up nearly 7.53% from the previous closing price of $9.30. Analysts anticipate Hudson Technologies Inc. stock to reach $10.00 by 2022, with the lowest price target being $10.00. In spite of this, 2 analysts ranked Hudson Technologies Inc. stock as a Buy at the end of 2022. On December 23, 2013, Singular Research assigned a price target of “a Buy” to the stock and upgraded coverage with a $6.75.

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