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. Hycroft Mining Holding Corporation shares valued at $7,228,751 were sold by WHITEBOX ADVISORS LLC on Mar 08. At $0.92 per share, WHITEBOX ADVISORS LLC sold 7,817,401 shares. The insider’s holdings dropped to 735,117 shares worth approximately $0.98 million following the completion of this transaction.
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Also, WHITEBOX ADVISORS LLC sold 38,299 shares, netting a total of over 39,923 in proceeds. Following the sale of shares at $1.04 each, the insider now holds 8,552,518 shares.
Before that, WHITEBOX ADVISORS LLC had sold 81,125 shares from its account. In a trade valued at $85,733, the 10% Owner traded Hycroft Mining Holding Corporation shares for $1.06 each. Upon closing the transaction, the insider’s holdings decreased to 81,125 shares, worth approximately $11.43 million.
As published in their initiating research note from Stifel on October 23, 2020, Hycroft Mining Holding Corporation [HYMC] has been a Buy and the price target has been revised to $15. This represents a 91.13% premium over Wednesday’s closing price.
Analyzing HYMC’s Price Performance
On Wednesday, Hycroft Mining Holding Corporation [NASDAQ: HYMC] plunged -2.92% to $1.33. The stock’s lowest price that day was $1.31, but it reached a high of $1.41 in the same session. During the last five days, there has been a surge of approximately 3.10%. Over the course of the year, Hycroft Mining Holding Corporation shares have jumped approximately 116.72%. Shares of the company reached a 52-week high of $3.1000 on 03/29/22 and a 52-week low of $0.2840 on 03/02/22. A 50-day SMA is recorded $1.4374, while a 200-day SMA reached $1.1730. Nevertheless, trading volume fell to 5.87 million shares from 10.16 million shares the previous day.
Support And Resistance Levels for Hycroft Mining Holding Corporation (HYMC)
According to the 24-hour chart, there is a support level at 1.2900, which, if violated, would cause prices to drop to 1.2500. In the upper region, resistance lies at 1.3900. The next price resistance is at 1.4500. RSI (Relative Strength Index) is 48.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0276, which suggests the price will decrease in the coming days. Percent R is at 61.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Hycroft Mining Holding Corporation (HYMC)?
According to Mudrick Capital Management LP filings, the company currently owns 24,394,846 shares, which is about 12.38% of the total HYMC shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 24394846.0 shares. With the completion of the sale, The Vanguard Group, Inc.’s stake is now worth $1,972,815. Marshall Wace LLP interest valued at $1.54 million while Jane Street Capital LLC 824,552 stake. A total of 686,000 shares of Hycroft Mining Holding Corporation by Renaissance Technologies LLC during the quarter, and 567,569 were bought by Group One Trading LP. In its current portfolio, First Manhattan Co. holds 505,000 shares valued at $0.67 million.
In terms of Hycroft Mining Holding Corporation share price expectations, FactSet research, analysts set an average price target of $13.00 in the next 12 months, up nearly 848.91% from the previous closing price of $1.37. Analysts anticipate Hycroft Mining Holding Corporation stock to reach $13.00 by 2022, with the lowest price target being $13.00. In spite of this, 1 analysts ranked Hycroft Mining Holding Corporation stock as a Hold at the end of 2022.