Saturday, June 25, 2022

A company insider recently sold 564,000 shares of Houston American Energy Corp. [HUSA]. 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. Houston American Energy Corp. shares valued at $699,304 were sold by BitNile Holdings, Inc. on Feb 01. At $1.24 per share, BitNile Holdings, Inc. sold 564,000 shares. The insider’s holdings dropped to 250,000 shares worth approximately $1.26 million following the completion of this transaction.


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Also, BitNile Holdings, Inc. sold 406,000 shares, netting a total of over 566,573 in proceeds. Following the sale of shares at $1.40 each, the insider now holds 814,000 shares.

Before that, BitNile Holdings, Inc. had added 15,000 shares to its account. In a trade valued at $23,776, the 10% Owner bought Houston American Energy Corp. shares for $1.59 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $7.57 million.

As published in a research note from C.K. Cooper on July 19, 2012, Houston American Energy Corp. [HUSA] has been rated down from a Buy to a Hold. Analysts at C.K. Cooper upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of April 11, 2012, MLV & Co has decreased its “Buy” rating to a “Hold” for HUSA. Earlier on March 02, 2012, C.K. Cooper downgraded its rating. Their new recommendation was “a Hold” for HUSA stock which previously was a “a Buy”.

Analyzing HUSA’s Price Performance

On Wednesday, Houston American Energy Corp. [AMEX: HUSA] plunged -3.45% to $5.04. The stock’s lowest price that day was $4.60, but it reached a high of $5.39 in the same session. During the last five days, there has been a drop of approximately -17.92%. Over the course of the year, Houston American Energy Corp. shares have jumped approximately 252.45%. Shares of the company reached a 52-week high of $16.61 on 03/08/22 and a 52-week low of $1.07 on 02/02/22. A 50-day SMA is recorded $4.31, while a 200-day SMA reached $2.87. Nevertheless, trading volume fell to 7.39 million shares from 4.33 million shares the previous day.

Support And Resistance Levels for Houston American Energy Corp. (HUSA)

According to the 24-hour chart, there is a support level at 4.63, which, if violated, would cause prices to drop to 4.22. In the upper region, resistance lies at 5.42. The next price resistance is at 5.80. RSI (Relative Strength Index) is 49.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 79.46%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Houston American Energy Corp. (HUSA)?

According to The Vanguard Group, Inc. filings, the company currently owns 378,937 shares, which is about 3.82% of the total HUSA shares outstanding. The investor’s shares have appreciated by 250,200 from its previous 13-F filing of 128737.0 shares. With the completion of the transaction, Schonfeld Strategic Advisors LLC’s stake is now worth $833,460. Western International Securities, interest valued at $0.48 million while Geode Capital Management LLC sold a -58,161 stake. A total of 0 shares of Houston American Energy Corp. were sold by Bridgeway Capital Management LLC during the quarter, and 35,925 were bought by Dimensional Fund Advisors LP. In its current portfolio, Virtu Financial BD LLC holds 31,999 shares valued at $0.15 million.

In spite of this, 1 analysts ranked Houston American Energy Corp. stock as a Hold at the end of 2022. On February 08, 2011, Canaccord Genuity assigned a price target of “a Speculative buy” to the stock and initiated coverage with a $25.

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