In a filing, Hudson Technologies, Inc. revealed its Director Parrillo Richard unloaded Company’s shares for reported $0.27 million on Dec 14 ’23. In the deal valued at $13.29 per share,20,205 shares were sold. As a result of this transaction, Parrillo Richard now holds 179,768 shares worth roughly $1.94 million.
Then, Parrillo Richard sold 22,399 shares, generating $289,631 in total proceeds. Upon selling the shares at $12.93, the Director now owns 199,973 shares.
Before that, Parrillo Richard sold 30,000 shares. Hudson Technologies, Inc. shares valued at $385,500 were divested by the Director at a price of $12.85 per share. As a result of the transaction, Parrillo Richard now holds 222,372 shares, worth roughly $2.4 million.
B. Riley Securities initiated its Hudson Technologies, Inc. [HDSN] rating to a Buy in a research note published on December 05, 2023; the price target was $17. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. ROTH Capital also remained covering HDSN and has increased its forecast on March 09, 2022 with a “Buy” recommendation from previously “Neutral” rating. ROTH Capital revised its rating on August 12, 2019. It rated HDSN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HDSN
On Monday, Hudson Technologies, Inc. [NASDAQ:HDSN] saw its stock jump 1.79% to $10.79. Over the last five days, the stock has lost -4.77%. Hudson Technologies, Inc. shares have fallen nearly -20.01% since the year began. Nevertheless, the stocks have risen 35.89% over the past one year. While a 52-week high of $15.24 was reached on 02/26/24, a 52-week low of $7.21 was recorded on 04/05/24. SMA at 50 days reached $12.84, while 200 days put it at $12.10. A total of 0.71 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For HDSN Stock
The 24-hour chart illustrates a support level at 10.49, which if violated will result in even more drops to 10.19. On the upside, there is a resistance level at 11.09. A further resistance level may holdings at 11.38. The Relative Strength Index (RSI) on the 14-day chart is 35.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.48%. Stochastics %K at 21.87% indicates the stock is a holding.
How much short interest is there in Hudson Technologies, Inc.?
A steep rise in short interest was recorded in Hudson Technologies, Inc. stocks on Mar 15, 2024, dropping by 15770.0 shares to a total of 0.91 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.93 million shares. There was a decline of -1.73%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.09% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.79.
The most recent change occurred on March 06, 2018 when B. Riley FBR Inc. resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $6.50.
