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Analysts review Harmonic, Inc.’s rating

In a filing, Harmonic, Inc. revealed its SVP, Global Sales & Video Svcs Graham Ian unloaded Company’s shares for reported $0.58 million on May 02 ’24. In the deal valued at $10.95 per share,52,730 shares were sold. As a result of this transaction, Graham Ian now holds 63,616 shares worth roughly $0.72 million.

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Then, Haltmayer Neven sold 14,747 shares, generating $201,676 in total proceeds. Upon selling the shares at $13.68, the SVP, Video R&D now owns 156,559 shares.

Before that, Ben-Natan Nimrod sold 100,000 shares. Harmonic, Inc. shares valued at $1,291,120 were divested by the SVP & GM, Broadband Business at a price of $12.91 per share. As a result of the transaction, Ben-Natan Nimrod now holds 302,214 shares, worth roughly $3.43 million.

Raymond James upgraded its Harmonic, Inc. [HLIT] rating to a Strong buy from a an Outperform in a research note published on August 10, 2023; the price target was increased to $16 from $15. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Rosenblatt began covering HLIT with “Buy” recommendation on May 24, 2022. Barclays revised its rating on April 21, 2022. It rated HLIT as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of HLIT

On Monday, Harmonic, Inc. [NASDAQ:HLIT] saw its stock fall -0.26% to $11.36. Over the last five days, the stock has gained 4.80%. Harmonic, Inc. shares have fallen nearly -12.88% since the year began. Nevertheless, the stocks have fallen -28.55% over the past one year. While a 52-week high of $18.43 was reached on 02/14/24, a 52-week low of $8.80 was recorded on 04/26/24. SMA at 50 days reached $11.72, while 200 days put it at $11.30. A total of 0.97 million shares were traded, compared to the trading of 1.1 million shares in the previous session.

Levels Of Support And Resistance For HLIT Stock

The 24-hour chart illustrates a support level at 11.25, which if violated will result in even more drops to 11.13. On the upside, there is a resistance level at 11.51. A further resistance level may holdings at 11.65. The Relative Strength Index (RSI) on the 14-day chart is 56.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.92%. Stochastics %K at 75.30% indicates the stock is a holding.

The most recent change occurred on June 22, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $9.50 price target.

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