Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hillman Solutions Corp shares valued at $1,078,660 were sold by Adinolfi Jon Michael on Mar 14 ’24. At $9.81 per share, Adinolfi Jon Michael sold 110,000 shares. The insider’s holdings dropped to 659,889 shares worth approximately $7.03 million following the completion of this transaction.
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Also, Parker Aaron Jerrod sold 1,723 shares, netting a total of over 17,058 in proceeds. Following the sale of shares at $9.90 each, the insider now holds 45,230 shares.
Before that, FAGUNDO RANDALL J had sold 85,207 shares from its account. In a trade valued at $816,283, the Div. Pres. – Robo. and Digital traded Hillman Solutions Corp shares for $9.58 each. Upon closing the transaction, the insider’s holdings decreased to 85,207 shares, worth approximately $0.48 million.
As published in a research note from Barclays on December 13, 2023, Hillman Solutions Corp [HLMN] has been rated down from an Overweight to an Equal weight and the price target has been revised to $9. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of May 31, 2023, Imperial Capital has initiated its “an Outperform” rating for HLMN.
Analyzing HLMN Stock Performance
During the last five days, there has been a surge of approximately 4.92%. Over the course of the year, Hillman Solutions Corp shares have jumped approximately 15.74%. Shares of the company reached a 52-week high of $10.67 on 03/27/24 and a 52-week low of $8.54 on 02/06/24. A 50-day SMA is recorded $9.41, while a 200-day SMA reached $8.69. Nevertheless, trading volume fell to 1.17 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Hillman Solutions Corp (HLMN)
According to the 24-hour chart, there is a support level at 10.49, which, if violated, would cause prices to drop to 10.32. In the upper region, resistance lies at 10.75. The next price resistance is at 10.84. RSI (Relative Strength Index) is 71.77 on the 14-day chart, showing overbought 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 0.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Hillman Solutions Corp subject to short interest?
Stocks of Hillman Solutions Corp saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.24 million shares to 4.24 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 4.48 million shares. A decline of -5.66% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.99 of the overall float, the days-to-cover ratio (short ratio) decline to 3.99.
