Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hudson Technologies, Inc. shares valued at $268,491 were sold by Parrillo Richard on Dec 14 ’23. At $13.29 per share, Parrillo Richard sold 20,205 shares. The insider’s holdings dropped to 179,768 shares worth approximately $1.76 million following the completion of this transaction.
Also, Parrillo Richard sold 22,399 shares, netting a total of over 289,631 in proceeds. Following the sale of shares at $12.93 each, the insider now holds 199,973 shares.
Before that, Parrillo Richard had sold 30,000 shares from its account. In a trade valued at $385,500, the Director traded Hudson Technologies, Inc. shares for $12.85 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $2.18 million.
As published in their initiating research note from B. Riley Securities on December 05, 2023, Hudson Technologies, Inc. [HDSN] has been a Buy and the price target has been revised to $17. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of March 09, 2022, ROTH Capital has increased its “Neutral” rating to a “Buy” for HDSN. Earlier on August 12, 2019, ROTH Capital downgraded its rating. Their new recommendation was “a Neutral” for HDSN stock which previously was a “a Buy”.
Analyzing HDSN Stock Performance
During the last five days, there has been a drop of approximately -7.89%. Over the course of the year, Hudson Technologies, Inc. shares have dropped approximately -27.35%. Shares of the company reached a 52-week high of $15.24 on 02/26/24 and a 52-week low of $9.70 on 04/30/24. A 50-day SMA is recorded $11.76, while a 200-day SMA reached $12.18. Nevertheless, trading volume fell to 0.83 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Hudson Technologies, Inc. (HDSN)
According to the 24-hour chart, there is a support level at 9.69, which, if violated, would cause prices to drop to 9.58. In the upper region, resistance lies at 9.96. The next price resistance is at 10.12. RSI (Relative Strength Index) is 28.28 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 91.23%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Hudson Technologies, Inc. (HDSN)?
On March 06, 2018, B. Riley FBR Inc. assigned a price target of “a Neutral” to the stock and reiterated coverage with a $6.50.
