Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hecla Mining Co. shares valued at $734,988 were sold by Allen Kurt on Sep 17 ’24. At $6.77 per share, Allen Kurt sold 108,612 shares. The insider’s holdings dropped to 173,700 shares worth approximately $1.15 million following the completion of this transaction.
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Also, Absolom Stuart Maurice sold 4,499 shares, netting a total of over 22,068 in proceeds. Following the sale of shares at $4.91 each, the insider now holds 69,036 shares.
Before that, Aguiar Rodriguez Carlos Robert had sold 7,140 shares from its account. In a trade valued at $35,022, the VP – Operations traded Hecla Mining Co. shares for $4.91 each. Upon closing the transaction, the insider’s holdings decreased to 7,140 shares, worth approximately $1.31 million.
As published in a research note from ROTH MKM on October 13, 2023, Hecla Mining Co. [HL] has been rated up from a Neutral to a Buy and the price target has been revised to $4.40 from $4. As of June 28, 2023, National Bank Financial has initiated its “an Outperform” rating for HL. Earlier on May 12, 2023, Cantor Fitzgerald downgraded its rating. Their new recommendation was “a Hold” for HL stock which previously was a “a Buy”.
Analyzing HL Stock Performance
During the last five days, there has been a drop of approximately -6.22%. Over the course of the year, Hecla Mining Co. shares have jumped approximately 37.90%. Shares of the company reached a 52-week high of $7.40 on 09/26/24 and a 52-week low of $3.33 on 02/13/24. A 50-day SMA is recorded $5.94, while a 200-day SMA reached $5.08. Nevertheless, trading volume fell to 9.4 million shares from 14.87 million shares the previous day.
Support And Resistance Levels for Hecla Mining Co. (HL)
According to the 24-hour chart, there is a support level at 6.52, which, if violated, would cause prices to drop to 6.40. In the upper region, resistance lies at 6.76. The next price resistance is at 6.88. RSI (Relative Strength Index) is 54.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 81.05%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
