Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. HF Sinclair Corp. shares valued at $74,114 were sold by Fernandez Manuel J on Mar 20 ’24. At $61.10 per share, Fernandez Manuel J sold 1,213 shares. The insider’s holdings dropped to 9,828 shares worth approximately $0.56 million following the completion of this transaction.
Also, LEE JAMES H sold 3,190 shares, netting a total of over 188,784 in proceeds. Following the sale of shares at $59.18 each, the insider now holds 62,729 shares.
Before that, MYERS FRANKLIN had added 4,180 shares to its account. In a trade valued at $246,369, the Director bought HF Sinclair Corp. shares for $58.94 each. Upon closing the transaction, the insider’s holdings increased to 4,180 shares, worth approximately $7.52 million.
As published in a research note from BofA Securities on March 15, 2024, HF Sinclair Corp. [DINO] has been rated up from a Neutral to a Buy and the price target has been revised to $78 from $62. As of February 22, 2024, TD Cowen has reiterated its “Market perform” rating for DINO. Earlier on February 14, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for DINO stock which previously was a “a Neutral”.
Analyzing DINO Stock Performance
During the last five days, there has been a drop of approximately -6.18%. Over the course of the year, HF Sinclair Corp. shares have jumped approximately 2.66%. Shares of the company reached a 52-week high of $64.16 on 04/05/24 and a 52-week low of $51.66 on 01/18/24. A 50-day SMA is recorded $59.05, while a 200-day SMA reached $55.59. Nevertheless, trading volume fell to 1.52 million shares from 1.57 million shares the previous day.
Support And Resistance Levels for HF Sinclair Corp. (DINO)
According to the 24-hour chart, there is a support level at 56.48, which, if violated, would cause prices to drop to 55.91. In the upper region, resistance lies at 58.18. The next price resistance is at 59.31. RSI (Relative Strength Index) is 36.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.91, which suggests the price will decrease in the coming days. Percent R is at 99.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
