Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HilleVax Inc shares valued at $92,689 were sold by Kohli Aditya on May 20 ’24. At $15.45 per share, Kohli Aditya sold 6,000 shares. The insider’s holdings dropped to 776,878 shares worth approximately $1.31 million following the completion of this transaction.
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Also, Kohli Aditya sold 6,000 shares, netting a total of over 88,372 in proceeds. Following the sale of shares at $14.73 each, the insider now holds 764,878 shares.
Before that, Kohli Aditya had sold 6,000 shares from its account. In a trade valued at $85,230, the Director traded HilleVax Inc shares for $14.21 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $1.3 million.
As published in a research note from Stifel on July 09, 2024, HilleVax Inc [HLVX] has been rated down from a Buy to a Hold and the price target has been revised to $3 from $34. Analysts at Leerink Partners downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early July. As of July 09, 2024, H.C. Wainwright has decreased its “Buy” rating to a “Neutral” for HLVX. Earlier on July 08, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for HLVX stock which previously was a “an Overweight”.
Analyzing HLVX Stock Performance
During the last five days, there has been a surge of approximately 4.35%. Over the course of the year, HilleVax Inc shares have dropped approximately -89.53%. Shares of the company reached a 52-week high of $20.2200 on 03/04/24 and a 52-week low of $1.5500 on 07/08/24. A 50-day SMA is recorded $7.1060, while a 200-day SMA reached $12.7994. Nevertheless, trading volume fell to 0.56 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for HilleVax Inc (HLVX)
According to the 24-hour chart, there is a support level at 1.6433, which, if violated, would cause prices to drop to 1.6067. In the upper region, resistance lies at 1.7133. The next price resistance is at 1.7467. RSI (Relative Strength Index) is 21.46 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0529, which suggests the price will decrease in the coming days. Percent R is at 72.97%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
