Houlihan Lokey Inc’s filing revealed that its GENERAL COUNSEL CRAIN CHRISTOPHER M unloaded Company’s shares for reported $0.13 million on Mar 01 ’24. In the deal valued at $128.94 per share,1,000 shares were sold. As a result of this transaction, CRAIN CHRISTOPHER M now holds 0 shares worth roughly $0.0.
Then, GOLD IRWIN sold 10,000 shares, generating $1,221,800 in total proceeds. Upon selling the shares at $122.18, the EXECUTIVE CHAIRMAN now owns 0 shares.
Before that, CRAIN CHRISTOPHER M sold 1,500 shares. Houlihan Lokey Inc shares valued at $180,180 were divested by the GENERAL COUNSEL at a price of $120.12 per share. As a result of the transaction, CRAIN CHRISTOPHER M now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid July from “an Underweight” to “an Equal-weight”. Piper Sandler also remained covering HLI and has decreased its forecast on April 07, 2022 with a “an Underweight” recommendation from previously “Neutral” rating. Goldman revised its rating on January 06, 2022. It rated HLI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HLI
On Tuesday, Houlihan Lokey Inc [NYSE:HLI] saw its stock fall -1.12% to $131.15. Over the last five days, the stock has gained 2.18%. Houlihan Lokey Inc shares have risen nearly 9.37% since the year began. Nevertheless, the stocks have risen 53.77% over the past one year. While a 52-week high of $133.80 was reached on 02/23/24, a 52-week low of $84.44 was recorded on 01/11/24. SMA at 50 days reached $126.72, while 200 days put it at $111.80. A total of 0.25 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For HLI Stock
The 24-hour chart illustrates a support level at 129.97, which if violated will result in even more drops to 128.79. On the upside, there is a resistance level at 132.75. A further resistance level may holdings at 134.36. The Relative Strength Index (RSI) on the 14-day chart is 62.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.82%. Stochastics %K at 89.88% indicates the stock is a selling.
How much short interest is there in Houlihan Lokey Inc?
A steep rise in short interest was recorded in Houlihan Lokey Inc stocks on Mar 15, 2024, dropping by -0.29 million shares to a total of 1.34 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.63 million shares. There was a decline of -21.64%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.58% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.05.
