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 $3,558,199 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 $66.34 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 $0.39 million.
As published in a research note from BTIG Research on October 24, 2024, Helix Energy Solutions Group Inc [HLX] has been rated down from a Buy to a Neutral. Analysts at Raymond James started covering the stock with ‘”a Strong buy”‘ outlook in a report released in mid September. As of October 26, 2022, BTIG Research has increased its “Neutral” rating to a “Buy” for HLX. Earlier on July 27, 2022, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for HLX stock which previously was a “an In-line”.
Analyzing HLX Stock Performance
During the last five days, there has been a drop of approximately -11.40%. Over the course of the year, Helix Energy Solutions Group Inc shares have dropped approximately -10.02%. 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 $10.40, while a 200-day SMA reached $10.66. Nevertheless, trading volume fell to 3.97 million shares from 1.35 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 8.94, which, if violated, would cause prices to drop to 8.64. In the upper region, resistance lies at 9.60. The next price resistance is at 9.95. RSI (Relative Strength Index) is 30.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 87.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
