Saturday, June 25, 2022

Holley Inc. [HLLY] stock for 91,440,000 USD was sold by LOBEL DAVID S

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Holley Inc. shares valued at $91,440,000 were sold by LOBEL DAVID S on Apr 25. At $11.43 per share, LOBEL DAVID S sold 8,000,000 shares. The insider’s holdings dropped to 54,673,884 shares worth approximately $548.38 million following the completion of this transaction.

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Also, LOBEL DAVID S sold 2,000,000 shares, netting a total of over 26,000,000 in proceeds. Following the sale of shares at $13.00 each, the insider now holds 62,673,884 shares.

Before that, LOBEL DAVID S had sold 3,000,000 shares from its account. In a trade valued at $33,600,000, the Director traded Holley Inc. shares for $11.20 each. Upon closing the transaction, the insider’s holdings decreased to 3,000,000 shares, worth approximately $648.68 million.

As published in their initiating research note from BofA Securities on June 22, 2022, Holley Inc. [HLLY] has been a Buy and the price target has been revised to $13. This represents a 22.85% premium over Wednesday’s closing price.

Analyzing HLLY’s Price Performance

On Wednesday, Holley Inc. [NYSE: HLLY] plunged -0.40% to $10.03. The stock’s lowest price that day was $9.91, but it reached a high of $10.36 in the same session. During the last five days, there has been a surge of approximately 1.93%. Over the course of the year, Holley Inc. shares have dropped approximately -22.79%. Shares of the company reached a 52-week high of $14.68 on 03/17/22 and a 52-week low of $8.23 on 05/12/22. A 50-day SMA is recorded $10.64, while a 200-day SMA reached $11.96. Nevertheless, trading volume fell to 1.97 million shares from 0.52 million shares the previous day.

Support And Resistance Levels for Holley Inc. (HLLY)

According to the 24-hour chart, there is a support level at 9.84, which, if violated, would cause prices to drop to 9.65. In the upper region, resistance lies at 10.29. The next price resistance is at 10.55. RSI (Relative Strength Index) is 44.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 74.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Holley Inc. (HLLY)?

According to Wasatch Advisors, Inc. filings, the company currently owns 14,820,059 shares, which is about 12.56% of the total HLLY shares outstanding. The investor’s shares have appreciated by 4,280,253 from its previous 13-F filing of 10539806.0 shares. With the completion of the buy, P2 Capital Partners LLC’s stake is now worth $38,106,383. Allspring Global Investments LLC acquire a 17.93% interest valued at $27.77 million while BAMCO, Inc. sold a -2,500,000 stake. A total of 436,202 shares of Holley Inc. were sold by The Vanguard Group, Inc. during the quarter, and 0 were sold by Driehaus Capital Management LLC. In its current portfolio, Polar Asset Management Partners, holds 1,173,746 shares valued at $12.31 million.

In terms of Holley Inc. share price expectations, FactSet research, analysts set an average price target of $15.43 in the next 12 months, up nearly 48.96% from the previous closing price of $10.07. Analysts anticipate Holley Inc. stock to reach $18.00 by 2022, with the lowest price target being $13.00. In spite of this, 8 analysts ranked Holley Inc. stock as a Buy at the end of 2022.

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