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 $3,558,204 were purchased by KRATZ OWEN E on Oct 03 ’24. At $11.92 per share, KRATZ OWEN E acquired 298,419 shares.
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Also, Glassman Diana sold 2,864 shares, netting a total of over 30,058 in proceeds. Following the sale of shares at $10.49 each, the insider now holds 42,133 shares.
Before that, KRATZ OWEN E had sold 1,050 shares from its account. In a trade valued at $12,075, the PRESIDENT & CEO traded Helix Energy Solutions Group Inc shares for $11.50 each. Upon closing the transaction, the insider’s holdings decreased to 1,050 shares, worth approximately $82.32 million.
As published in their initiating research note from Raymond James on September 19, 2024, Helix Energy Solutions Group Inc [HLX] has been a Strong buy and the price target has been revised to $14. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of July 27, 2022, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for HLX. Earlier on February 01, 2022, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for HLX stock which previously was a “a Neutral”.
Analyzing HLX Stock Performance
During the last five days, there has been a surge of approximately 7.62%. Over the course of the year, Helix Energy Solutions Group Inc shares have jumped approximately 7.20%. 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 $10.58, while a 200-day SMA reached $10.64. Nevertheless, trading volume fell to 10.39 million shares from 1.48 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 10.50, which, if violated, would cause prices to drop to 9.99. In the upper region, resistance lies at 11.93. The next price resistance is at 12.85. RSI (Relative Strength Index) is 59.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 46.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
