Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hillman Solutions Corp shares valued at $447,001 were sold by Jagdfeld Aaron on Jun 05 ’24. At $9.04 per share, Jagdfeld Aaron sold 49,447 shares. The insider’s holdings dropped to 197,031 shares worth approximately $1.72 million following the completion of this transaction.
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Also, Adinolfi Jon Michael sold 110,000 shares, netting a total of over 1,078,660 in proceeds. Following the sale of shares at $9.81 each, the insider now holds 659,889 shares.
Before that, Parker Aaron Jerrod had sold 1,723 shares from its account. In a trade valued at $17,058, the VP – Human Resources traded Hillman Solutions Corp shares for $9.90 each. Upon closing the transaction, the insider’s holdings decreased to 1,723 shares, worth approximately $0.39 million.
As published in a research note from Barclays on December 13, 2023, Hillman Solutions Corp [HLMN] has been rated down from an Overweight to an Equal weight and the price target has been revised to $9. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of May 31, 2023, Imperial Capital has initiated its “an Outperform” rating for HLMN.
Analyzing HLMN Stock Performance
During the last five days, there has been a surge of approximately 0.46%. Over the course of the year, Hillman Solutions Corp shares have dropped approximately -5.21%. Shares of the company reached a 52-week high of $10.85 on 04/01/24 and a 52-week low of $8.43 on 06/25/24. A 50-day SMA is recorded $9.29, while a 200-day SMA reached $8.77. Nevertheless, trading volume fell to 0.87 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Hillman Solutions Corp (HLMN)
According to the 24-hour chart, there is a support level at 8.55, which, if violated, would cause prices to drop to 8.38. In the upper region, resistance lies at 8.83. The next price resistance is at 8.94. RSI (Relative Strength Index) is 42.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 66.30%, indicating low price movement. Stochastics%K at buying indicates that the stock is to be held.
