HF Sinclair Corporation [DINO] stock for 405,565 USD was bought by MYERS FRANKLIN

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. HF Sinclair Corporation shares valued at $405,565 were purchased by MYERS FRANKLIN on Aug 26. At $55.94 per share, MYERS FRANKLIN acquired 7,250 shares. The insider’s holdings grew to 106,965 shares worth approximately $5.59 million following the completion of this transaction.

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Also, Fernandez Manuel J sold 950 shares, netting a total of over 52,544 in proceeds. Following the sale of shares at $55.31 each, the insider now holds 9,803 shares.

Before that, Bhatia Vaishali S. had sold 10,435 shares from its account. In a trade valued at $563,803, the SVP, General Counsel & Sec traded HF Sinclair Corporation shares for $54.03 each. Upon closing the transaction, the insider’s holdings decreased to 10,435 shares, worth approximately $2.01 million.

As published in a research note from Wells Fargo on September 21, 2022, HF Sinclair Corporation [DINO] has been rated down from an Overweight to an Equal weight and the price target has been revised to $55 from $62. This represents a 4.98% premium over Thursday’s closing price. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of May 11, 2022, Cowen has increased its “Market perform” rating to a “an Outperform” for DINO.

Analyzing DINO’s Price Performance

On Thursday, HF Sinclair Corporation [NYSE: DINO] rose 3.46% to $52.26. The stock’s lowest price that day was $51.21, but it reached a high of $53.03 in the same session. During the last five days, there has been a surge of approximately 2.75%. Over the course of the year, HF Sinclair Corporation shares have jumped approximately 59.43%. Shares of the company reached a 52-week high of $58.50 on 06/09/22 and a 52-week low of $29.14 on 02/25/22. A 50-day SMA is recorded $49.92, while a 200-day SMA reached $41.97. Nevertheless, trading volume fell to 2.1 million shares from 1.85 million shares the previous day.

Support And Resistance Levels for HF Sinclair Corporation (DINO)

According to the 24-hour chart, there is a support level at 51.30, which, if violated, would cause prices to drop to 50.35. In the upper region, resistance lies at 53.12. The next price resistance is at 53.99. RSI (Relative Strength Index) is 52.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 34.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is HF Sinclair Corporation subject to short interest?

Stocks of HF Sinclair Corporation saw a sharp steep in short interest on Aug 30, 2022 dropping by -1.07 million shares to 3.9 million. Data from Yahoo Finance shows that the short interest on Jul 28, 2022 was 4.97 million shares. A decline of -27.44% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.53 of the overall float, the days-to-cover ratio (short ratio) decline to 2.53.

Which companies own the most shares of HF Sinclair Corporation (DINO)?

According to The Vanguard Group, Inc. filings, the company currently owns 14,029,215 shares, which is about 6.47% of the total DINO shares outstanding. The investor’s shares have appreciated by 22,108 from its previous 13-F filing of 14007107.0 shares. With the completion of the sale transaction, Turtle Creek Management LLC’s stake is now worth $654,458,839. BlackRock Fund Advisors acquire a 0.07% interest valued at $628.81 million while Fidelity Management & Research Co sold a -363,500 stake. A total of -446,998 shares of HF Sinclair Corporation were sold by Dimensional Fund Advisors LP during the quarter, and -1,498,212 were sold by SSgA Funds Management, Inc.. In its current portfolio, LSV Asset Management holds 5,700,306 shares valued at $300.01 million.


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