The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Helius Medical Technologies Inc shares valued at $40,475 were purchased by ANDREEFF DANE on Dec 14 ’23. At $8.10 per share, ANDREEFF DANE acquired 5,000 shares. The insider’s holdings grew to 16,512 shares worth approximately $29556.48 following the completion of this transaction.
Also, ANDREEFF DANE purchased 2,006 shares, netting a total of over 12,935 in proceeds. Following the buying of shares at $6.45 each, the insider now holds 13,685 shares.
Before that, ANDREEFF DANE had added 2,000 shares to its account. In a trade valued at $12,741, the President and CEO bought Helius Medical Technologies Inc shares for $6.37 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $22466.29.
As published in their initiating research note from Noble Capital Markets on March 24, 2021, Helius Medical Technologies Inc [HSDT] has been an Outperform and the price target has been revised to $20.
Analyzing HSDT Stock Performance
During the last five days, there has been a drop of approximately -50.28%. Over the course of the year, Helius Medical Technologies Inc shares have dropped approximately -77.73%. Shares of the company reached a 52-week high of $9.5000 on 02/06/24 and a 52-week low of $1.6601 on 05/08/24. A 50-day SMA is recorded $5.1398, while a 200-day SMA reached $7.0155. Nevertheless, trading volume fell to 1.33 million shares from 1.34 million shares the previous day.
Support And Resistance Levels for Helius Medical Technologies Inc (HSDT)
According to the 24-hour chart, there is a support level at 1.6467, which, if violated, would cause prices to drop to 1.5035. In the upper region, resistance lies at 1.9466. The next price resistance is at 2.1033. RSI (Relative Strength Index) is 15.25 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.7235, which suggests the price will decrease in the coming days. Percent R is at 96.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
