Hillman Solutions Corp’s filing revealed that its Chief Operating Officer Adinolfi Jon Michael unloaded Company’s shares for reported $1.08 million on Mar 14 ’24. In the deal valued at $9.81 per share,110,000 shares were sold. As a result of this transaction, Adinolfi Jon Michael now holds 659,889 shares worth roughly $6.77 million.
Then, Parker Aaron Jerrod sold 1,723 shares, generating $17,058 in total proceeds. Upon selling the shares at $9.90, the VP – Human Resources now owns 45,230 shares.
Before that, FAGUNDO RANDALL J sold 85,207 shares. Hillman Solutions Corp shares valued at $816,283 were divested by the Div. Pres. – Robo. and Digital at a price of $9.58 per share. As a result of the transaction, FAGUNDO RANDALL J now holds 45,440 shares, worth roughly $0.47 million.
Barclays downgraded its Hillman Solutions Corp [HLMN] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Imperial Capital began covering HLMN with “an Outperform” recommendation on May 31, 2023.
Price Performance Review of HLMN
On Friday, Hillman Solutions Corp [NASDAQ:HLMN] saw its stock jump 0.79% to $10.26. Over the last five days, the stock has lost -3.57%. Hillman Solutions Corp shares have risen nearly 11.40% since the year began. Nevertheless, the stocks have risen 27.30% over the past one year. While a 52-week high of $10.85 was reached on 04/01/24, a 52-week low of $6.02 was recorded on 02/06/24. SMA at 50 days reached $9.58, while 200 days put it at $8.73. A total of 0.65 million shares were traded, compared to the trading of 0.85 million shares in the previous session.
Levels Of Support And Resistance For HLMN Stock
The 24-hour chart illustrates a support level at 10.01, which if violated will result in even more drops to 9.76. On the upside, there is a resistance level at 10.42. A further resistance level may holdings at 10.57. The Relative Strength Index (RSI) on the 14-day chart is 57.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.98%. Stochastics %K at 50.01% indicates the stock is a holding.
How much short interest is there in Hillman Solutions Corp?
A steep rise in short interest was recorded in Hillman Solutions Corp stocks on Mar 15, 2024, dropping by -0.43 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.04 million shares. There was a decline of -9.33%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.29.
The most recent change occurred on April 22, 2022 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $15 price target.
