Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Helix Energy Solutions Group Inc shares valued at $30,058 were sold by Glassman Diana on Jun 20 ’24. At $10.49 per share, Glassman Diana sold 2,864 shares. The insider’s holdings dropped to 42,133 shares worth approximately $0.53 million following the completion of this transaction.
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Also, KRATZ OWEN E sold 1,050 shares, netting a total of over 12,075 in proceeds. Following the sale of shares at $11.50 each, the insider now holds 7,470,279 shares.
Before that, KRATZ OWEN E had sold 7,521 shares from its account. In a trade valued at $86,795, the PRESIDENT & CEO traded Helix Energy Solutions Group Inc shares for $11.54 each. Upon closing the transaction, the insider’s holdings decreased to 7,521 shares, worth approximately $93.69 million.
As published in a research note from BTIG Research on October 26, 2022, Helix Energy Solutions Group Inc [HLX] has been rated up from a Neutral to a Buy and the price target has been revised to $10. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of February 01, 2022, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for HLX. Earlier on July 28, 2021, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for HLX stock which previously was a “an Overweight”.
Analyzing HLX Stock Performance
During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Helix Energy Solutions Group Inc shares have jumped approximately 21.98%. Shares of the company reached a 52-week high of $13.05 on 07/17/24 and a 52-week low of $8.91 on 02/29/24. A 50-day SMA is recorded $11.51, while a 200-day SMA reached $10.46. Nevertheless, trading volume fell to 4.2 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Helix Energy Solutions Group Inc (HLX)
According to the 24-hour chart, there is a support level at 11.98, which, if violated, would cause prices to drop to 11.43. In the upper region, resistance lies at 12.98. The next price resistance is at 13.43. RSI (Relative Strength Index) is 62.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 37.92%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.