The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hecla Mining Co. shares valued at $34 were purchased by Aguiar Rodriguez Carlos Robert on Oct 02 ’24. At $6.76 per share, Aguiar Rodriguez Carlos Robert acquired 5 shares. The insider’s holdings grew to 197,359 shares worth approximately $1.34 million following the completion of this transaction.
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Also, Allen Kurt sold 108,612 shares, netting a total of over 734,988 in proceeds. Following the sale of shares at $6.77 each, the insider now holds 173,700 shares.
Before that, Absolom Stuart Maurice had sold 4,499 shares from its account. In a trade valued at $22,068, the VP – Principal Acctg. Officer traded Hecla Mining Co. shares for $4.91 each. Upon closing the transaction, the insider’s holdings decreased to 4,499 shares, worth approximately $0.47 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 -5.45%. Over the course of the year, Hecla Mining Co. shares have jumped approximately 40.81%. Shares of the company reached a 52-week high of $7.68 on 10/22/24 and a 52-week low of $3.33 on 02/13/24. A 50-day SMA is recorded $6.51, while a 200-day SMA reached $5.30. Nevertheless, trading volume fell to 10.66 million shares from 11.09 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 6.66, which, if violated, would cause prices to drop to 6.54. In the upper region, resistance lies at 6.94. The next price resistance is at 7.11. RSI (Relative Strength Index) is 49.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 72.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
