A Guide To The Risks Of Investing In Hall of Fame Resort & Entertainment Company (HOFV)


Hall of Fame Resort & Entertainment Company’s filing revealed that its President and CEO Crawford Michael Anthony acquired Company’s shares for reported $36000.0 on Sep 09. In the deal valued at $0.72 per share,50,000 shares were bought. As a result of this transaction, Crawford Michael Anthony now holds 1,946,078 shares worth roughly $ 1.28 million.

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Then, Levy Michael S bought 15,000 shares, generating $10,500 in total proceeds. Upon buying the shares at $0.70, the President of Operations now owns 252,053 shares.

Before that, Lee Benjamin J bought 25,000 shares. Hall of Fame Resort & Entertainment Company shares valued at $17,500 were divested by the Chief Financial Officer at a price of $0.70 per share. As a result of the transaction, Lee Benjamin J now holds 637,369 shares, worth roughly $0.42 million.

Price Performance Review of HOFV

On Monday, Hall of Fame Resort & Entertainment Company [NASDAQ:HOFV] saw its stock jump 9.20% to $0.66. On the same session, the stock had its day’s lowest price of $0.601, but rose to a high of $0.67. Over the last five days, the stock has gained 19.89%. Hall of Fame Resort & Entertainment Company shares have fallen nearly -56.89% since the year began. Nevertheless, the stocks have fallen -73.04% over the past one year. While a 52-week high of $2.53 was reached on 01/04/22, a 52-week low of $0.51 was recorded on 10/24/22. SMA at 50 days reached $0.6232, while 200 days put it at $0.8189. A total of 0.7 million shares were traded, compared to the trading of 2.36 million shares in the previous session.

Levels Of Support And Resistance For HOFV Stock

The 24-hour chart illustrates a support level at 0.6141, which if violated will result in even more drops to 0.5731. On the upside, there is a resistance level at 0.6831. A further resistance level may holdings at 0.7111. The Relative Strength Index (RSI) on the 14-day chart is 62.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0508, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.67%. Stochastics %K at 43.75% indicates the stock is a holding.

How much short interest is there in Hall of Fame Resort & Entertainment Company?

A steep rise in short interest was recorded in Hall of Fame Resort & Entertainment Company stocks on Jul 14, 2022, dropping by -2.37 million shares to a total of 6.79 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.16 million shares. There was a decline of -34.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.36% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.92.

Hall of Fame Resort & Entertainment Company [HOFV] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 2,385,080 shares, or roughly 2.03% of the outstanding HOFV shares. In other words, the investor’s shares have fallen by -37,925 from its previous 13-F filing of 2423005.0. Additionally, BlackRock Fund Advisors decreased -72.50% of its stake after which the total value it holdings stand at $521,940. Over the last quarter, Geode Capital Management LLC sold -368,350 shares of Hall of Fame Resort & Entertainment Company, while Renaissance Technologies LLC sold -1,036,500 shares. At present, GSA Capital Partners LLP is holding 461,047 shares valued at $0.25 million. Citadel Advisors LLC owned 216,510 shares of the company at the time of its most recent 13F filing, worth $0.12 million.

According to FactSet, Hall of Fame Resort & Entertainment Company’s share price will average $2.15 in the next year, based on opinions of analysts polled by the firm. This is up nearly 258.33 percent from its previous closing price of $0.60. Analysts expect Hall of Fame Resort & Entertainment Company stock to reach the higher price of $3.00, while the lowest price estimate is $1.30. However, 2 analysts have rated HOFV stock as a Buy in their predictions for 2022.


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