In a filing, Harmonic, Inc. revealed its Officer HARSHMAN PATRICK acquired Company’s shares for reported $0.36 million on Aug 19 ’24. In the deal valued at $13.75 per share,26,160 shares were bought.
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Then, Haltmayer Neven sold 40,000 shares, generating $576,480 in total proceeds. Upon selling the shares at $14.41, the SVP & Interim GM, Vid Business now owns 122,211 shares.
Before that, Graham Ian bought 60,122 shares. Harmonic, Inc. shares valued at $868,411 were divested by the Officer at a price of $14.44 per share.
Raymond James upgraded its Harmonic, Inc. [HLIT] rating to a Strong buy from a an Outperform in a research note published on August 10, 2023; the price target was increased to $16 from $15. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Rosenblatt began covering HLIT with “Buy” recommendation on May 24, 2022. Barclays revised its rating on April 21, 2022. It rated HLIT as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of HLIT
On Friday, Harmonic, Inc. [NASDAQ:HLIT] saw its stock fall -1.43% to $14.45. Over the last five days, the stock has gained 0.28%. Harmonic, Inc. shares have risen nearly 10.81% since the year began. Nevertheless, the stocks have risen 35.05% over the past one year. While a 52-week high of $15.31 was reached on 07/30/24, a 52-week low of $8.80 was recorded on 04/26/24. SMA at 50 days reached $12.92, while 200 days put it at $12.12.
Levels Of Support And Resistance For HLIT Stock
The 24-hour chart illustrates a support level at 14.33, which if violated will result in even more drops to 14.21. On the upside, there is a resistance level at 14.67. A further resistance level may holdings at 14.89. The Relative Strength Index (RSI) on the 14-day chart is 61.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.88%. Stochastics %K at 84.65% indicates the stock is a selling.
How much short interest is there in Harmonic, Inc.?
A steep rise in short interest was recorded in Harmonic, Inc. stocks on 2024-08-15, dropping by -1.37 million shares to a total of 4.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.81 million shares. There was a decline of -30.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 22, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $9.50 price target.
