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HF Sinclair Corp. [NYSE: DINO] Sees Increase in Stock Value

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. HF Sinclair Corp. shares valued at $104,080 were purchased by MYERS FRANKLIN on Jun 12 ’24. At $52.04 per share, MYERS FRANKLIN acquired 2,000 shares. The insider’s holdings grew to 140,293 shares worth approximately $7.57 million following the completion of this transaction.

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Also, MYERS FRANKLIN purchased 6,500 shares, netting a total of over 372,905 in proceeds. Following the buying of shares at $57.37 each, the insider now holds 138,293 shares.

Before that, Fernandez Manuel J had sold 1,213 shares from its account. In a trade valued at $74,114, the Director traded HF Sinclair Corp. shares for $61.10 each. Upon closing the transaction, the insider’s holdings decreased to 1,213 shares, worth approximately $0.53 million.

As published in a research note from BofA Securities on March 15, 2024, HF Sinclair Corp. [DINO] has been rated up from a Neutral to a Buy and the price target has been revised to $78 from $62. As of February 22, 2024, TD Cowen has reiterated its “Market perform” rating for DINO. Earlier on February 14, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for DINO stock which previously was a “a Neutral”.

Analyzing DINO Stock Performance

During the last five days, there has been a surge of approximately 1.09%. Over the course of the year, HF Sinclair Corp. shares have dropped approximately -2.86%. Shares of the company reached a 52-week high of $64.16 on 04/05/24 and a 52-week low of $51.52 on 06/17/24. A 50-day SMA is recorded $54.86, while a 200-day SMA reached $55.95. Nevertheless, trading volume fell to 0.9 million shares from 1.69 million shares the previous day.

Support And Resistance Levels for HF Sinclair Corp. (DINO)

According to the 24-hour chart, there is a support level at 52.62, which, if violated, would cause prices to drop to 52.24. In the upper region, resistance lies at 53.50. The next price resistance is at 54.00. RSI (Relative Strength Index) is 50.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 50.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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