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HF Sinclair Corp. (DINO) receives a Buy rating from BofA Securities

HF Sinclair Corp.’s filing revealed that its Director MYERS FRANKLIN acquired Company’s shares for reported $0.1 million on Jun 12 ’24. In the deal valued at $52.04 per share,2,000 shares were bought. As a result of this transaction, MYERS FRANKLIN now holds 140,293 shares worth roughly $7.49 million.

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Then, MYERS FRANKLIN bought 6,500 shares, generating $372,905 in total proceeds. Upon buying the shares at $57.37, the Director now owns 138,293 shares.

Before that, Fernandez Manuel J sold 1,213 shares. HF Sinclair Corp. shares valued at $74,114 were divested by the Director at a price of $61.10 per share. As a result of the transaction, Fernandez Manuel J now holds 9,828 shares, worth roughly $0.52 million.

BofA Securities upgraded its HF Sinclair Corp. [DINO] rating to a Buy from a a Neutral in a research note published on March 15, 2024; the price target was increased to $78 from $62. TD Cowen also remained covering DINO and reiterated its “Market perform” recommendation on February 22, 2024. UBS revised its rating on February 14, 2024. It rated DINO as “a Buy” which previously was an “a Neutral”.

Price Performance Review of DINO

On Monday, HF Sinclair Corp. [NYSE:DINO] saw its stock jump 0.09% to $53.39. Over the last five days, the stock has lost -0.78%. HF Sinclair Corp. shares have fallen nearly -3.92% since the year began. Nevertheless, the stocks have risen 20.06% over the past one year. While a 52-week high of $64.16 was reached on 04/05/24, a 52-week low of $43.29 was recorded on 06/17/24. SMA at 50 days reached $55.00, while 200 days put it at $56.01. A total of 1.03 million shares were traded, compared to the trading of 1.33 million shares in the previous session.

Levels Of Support And Resistance For DINO Stock

The 24-hour chart illustrates a support level at 52.78, which if violated will result in even more drops to 52.16. On the upside, there is a resistance level at 53.90. A further resistance level may holdings at 54.40. The Relative Strength Index (RSI) on the 14-day chart is 46.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.30%. Stochastics%K at 56.52% indicates the stock is a holding.

The most recent change occurred on October 05, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $65 price target.

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