Holley Inc’s recent filing unveils that its Director Clempson Graham acquired Company’s shares for reported $0.17 million on Mar 15 ’24. In the deal valued at $4.23 per share,40,924 shares were bought. As a result of this transaction, Clempson Graham now holds 104,775 shares worth roughly $0.47 million.
Then, Clempson Graham bought 59,076 shares, generating $247,168 in total proceeds. Upon buying the shares at $4.18, the Director now owns 63,851 shares.
Before that, Stevenson Matthew bought 13,853 shares. Holley Inc shares valued at $56,242 were divested by the President and CEO at a price of $4.06 per share. As a result of the transaction, Stevenson Matthew now holds 2,419,711 shares, worth roughly $10.86 million.
JP Morgan downgraded its Holley Inc [HLLY] rating to a Neutral from a an Overweight in a research note published on February 20, 2024; the price target was decreased to $5 from $6.50. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid November from “a Hold” to “a Buy”. Telsey Advisory Group also remained covering HLLY and has decreased its forecast on November 03, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. William Blair started covering the stock on August 18, 2023. It rated HLLY as “an Outperform”.
Price Performance Review of HLLY
On Tuesday, Holley Inc [NYSE:HLLY] saw its stock jump 1.13% to $4.49. Over the last five days, the stock has lost -0.22%. Holley Inc shares have fallen nearly -7.80% since the year began. Nevertheless, the stocks have risen 97.80% over the past one year. While a 52-week high of $8.06 was reached on 01/29/24, a 52-week low of $2.08 was recorded on 03/12/24. SMA at 50 days reached $4.52, while 200 days put it at $4.84. A total of 0.23 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For HLLY Stock
The 24-hour chart illustrates a support level at 4.44, which if violated will result in even more drops to 4.40. On the upside, there is a resistance level at 4.53. A further resistance level may holdings at 4.58. The Relative Strength Index (RSI) on the 14-day chart is 54.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.37%. Stochastics %K at 68.42% indicates the stock is a holding.
How much short interest is there in Holley Inc?
A steep rise in short interest was recorded in Holley Inc stocks on Mar 15, 2024, dropping by 100000.0 shares to a total of 2.29 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.39 million shares. There was a decline of -4.37%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.43% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.39.
