Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Helix Energy Solutions Group Inc shares valued at $3,558,199 were sold by KRATZ OWEN E on Oct 03 ’24. At $11.92 per share, KRATZ OWEN E sold 298,419 shares. The insider’s holdings dropped to 7,171,860 shares worth approximately $74.87 million following the completion of this transaction.
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Also, KRATZ OWEN E purchased 298,419 shares, netting a total of over 3,558,204 in proceeds.
Before that, Glassman Diana had sold 2,864 shares from its account. In a trade valued at $30,058, the Director traded Helix Energy Solutions Group Inc shares for $10.49 each. Upon closing the transaction, the insider’s holdings decreased to 2,864 shares, worth approximately $0.44 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 drop of approximately -2.34%. Over the course of the year, Helix Energy Solutions Group Inc shares have jumped approximately 1.56%. 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 $10.46, while a 200-day SMA reached $10.65. Nevertheless, trading volume fell to 1.24 million shares from 2.63 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 10.30, which, if violated, would cause prices to drop to 10.16. In the upper region, resistance lies at 10.53. The next price resistance is at 10.63. RSI (Relative Strength Index) is 48.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 83.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
