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Hallador Energy Co [HNRG] Shares Fall -3.38 on Wednesday

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hallador Energy Co shares valued at $229,121 were purchased by Wesley Charles Ray IV on Mar 22 ’24. At $5.21 per share, Wesley Charles Ray IV acquired 44,000 shares. The insider’s holdings grew to 154,302 shares worth approximately $1.19 million following the completion of this transaction.

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Also, Wesley Charles Ray IV purchased 2,100 shares, netting a total of over 11,015 in proceeds. Following the buying of shares at $5.25 each, the insider now holds 110,302 shares.

As published in a research note from B. Riley Securities on May 30, 2024, Hallador Energy Co [HNRG] has been rated up from a Neutral to a Buy and the price target has been revised to $9 from $8. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of March 15, 2017, FBR & Co. has reiterated its “an Outperform” rating for HNRG. Earlier on November 23, 2016, FBR & Co. resumed its rating. Their recommendation was “an Outperform” for HNRG stock.

Analyzing HNRG Stock Performance

During the last five days, there has been a surge of approximately 10.30%. Over the course of the year, Hallador Energy Co shares have dropped approximately -12.78%. Shares of the company reached a 52-week high of $9.75 on 01/04/24 and a 52-week low of $4.33 on 04/18/24. A 50-day SMA is recorded $6.84, while a 200-day SMA reached $9.07. Nevertheless, trading volume fell to 0.2 million shares from 0.88 million shares the previous day.

Support And Resistance Levels for Hallador Energy Co (HNRG)

According to the 24-hour chart, there is a support level at 7.67, which, if violated, would cause prices to drop to 7.53. In the upper region, resistance lies at 8.03. The next price resistance is at 8.25. RSI (Relative Strength Index) is 53.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 38.41%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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