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Canaccord Genuity’s latest rating for HDSN stock

Hudson Technologies, Inc.’s filing revealed that its Director Parrillo Richard unloaded Company’s shares for reported $0.27 million on Dec 14 ’23. In the deal valued at $13.29 per share,20,205 shares were sold. As a result of this transaction, Parrillo Richard now holds 179,768 shares worth roughly $1.67 million.

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Then, Parrillo Richard sold 22,399 shares, generating $289,631 in total proceeds. Upon selling the shares at $12.93, the Director now owns 199,973 shares.

Before that, Parrillo Richard sold 30,000 shares. Hudson Technologies, Inc. shares valued at $385,500 were divested by the Director at a price of $12.85 per share. As a result of the transaction, Parrillo Richard now holds 222,372 shares, worth roughly $2.07 million.

Canaccord Genuity downgraded its Hudson Technologies, Inc. [HDSN] rating to a Hold from a a Buy in a research note published on May 02, 2024; the price target was decreased to $10 from $15. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Canaccord Genuity began covering HDSN with “Buy” recommendation on September 25, 2023. ROTH Capital revised its rating on March 09, 2022. It rated HDSN as “a Buy” which previously was an “a Neutral”.

Price Performance Review of HDSN

On Tuesday, Hudson Technologies, Inc. [NASDAQ:HDSN] saw its stock jump 0.11% to $9.29. Over the last five days, the stock has lost -1.38%. Hudson Technologies, Inc. shares have fallen nearly -31.13% since the year began. Nevertheless, the stocks have risen 9.04% over the past one year. While a 52-week high of $15.24 was reached on 02/26/24, a 52-week low of $7.90 was recorded on 05/02/24. SMA at 50 days reached $10.80, while 200 days put it at $12.19. A total of 0.25 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For HDSN Stock

The 24-hour chart illustrates a support level at 9.18, which if violated will result in even more drops to 9.08. On the upside, there is a resistance level at 9.40. A further resistance level may holdings at 9.52. The Relative Strength Index (RSI) on the 14-day chart is 32.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.18%. Stochastics %K at 45.97% indicates the stock is a holding.

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