Holley Inc’s filing revealed that its Exec. Chairman of the Board Rubel Matthew E acquired Company’s shares for reported $49131.0 on Jun 12 ’24. In the deal valued at $3.39 per share,14,493 shares were bought. As a result of this transaction, Rubel Matthew E now holds 169,979 shares worth roughly $0.47 million.
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Then, Clempson Graham bought 59,076 shares, generating $247,168 in total proceeds. Upon buying the shares at $4.18, the Director now owns 63,851 shares.
Before that, Clempson Graham bought 40,924 shares. Holley Inc shares valued at $172,933 were divested by the Director at a price of $4.23 per share. As a result of the transaction, Clempson Graham now holds 104,775 shares, worth roughly $0.29 million.
Telsey Advisory Group reiterated its Holley Inc [HLLY] rating to an Outperform in a research note published on August 08, 2024; the price target was $5.50. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early May has reiterated a ‘”an Outperform”‘ rating for it. JP Morgan also remained covering HLLY and has decreased its forecast on February 20, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on November 15, 2023. It rated HLLY as “a Buy” which previously was an “a Hold”.
Price Performance Review of HLLY
On Monday, Holley Inc [NYSE:HLLY] saw its stock fall -2.49% to $2.74. Over the last five days, the stock has lost -7.12%. Holley Inc shares have fallen nearly -43.74% since the year began. Nevertheless, the stocks have fallen -42.19% over the past one year. While a 52-week high of $5.23 was reached on 01/29/24, a 52-week low of $2.75 was recorded on 10/07/24. SMA at 50 days reached $3.19, while 200 days put it at $3.94.
Levels Of Support And Resistance For HLLY Stock
The 24-hour chart illustrates a support level at 2.70, which if violated will result in even more drops to 2.65. On the upside, there is a resistance level at 2.79. A further resistance level may holdings at 2.83. The Relative Strength Index (RSI) on the 14-day chart is 32.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.74%. Stochastics %K at 5.70% indicates the stock is a buying.
How much short interest is there in Holley Inc?
A steep rise in short interest was recorded in Holley Inc stocks on 2024-09-13, dropping by 43300.0 shares to a total of 2.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.76 million shares. There was a decline of -1.6%, which implies that there is a negative sentiment for the stock.
