Harmonic, Inc’s filing revealed that its Officer HARSHMAN PATRICK acquired Company’s shares for reported $0.36 million on Aug 19 ’24. In the deal valued at $13.75 per share,26,160 shares were bought.
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Then, Haltmayer Neven sold 40,000 shares, generating $576,480 in total proceeds. Upon selling the shares at $14.41, the SVP & Interim GM, Vid Business now owns 122,211 shares.
Before that, Graham Ian bought 60,122 shares. Harmonic, Inc shares valued at $868,411 were divested by the Officer at a price of $14.44 per share.
Raymond James downgraded its Harmonic, Inc [HLIT] rating to an Outperform from a a Strong buy in a research note published on October 29, 2024; the price target was decreased to $14 from $17. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Raymond James also remained covering HLIT and has increased its forecast on August 10, 2023 with a “Strong buy” recommendation from previously “an Outperform” rating. Jefferies revised its rating on January 09, 2023. It rated HLIT as “a Buy” which previously was an “a Hold”.
Price Performance Review of HLIT
On Friday, Harmonic, Inc [NASDAQ:HLIT] saw its stock fall -1.17% to $10.96. Over the last five days, the stock has lost -25.85%. Harmonic, Inc shares have fallen nearly -15.95% since the year began. Nevertheless, the stocks have risen 4.88% over the past one year. While a 52-week high of $15.46 was reached on 10/28/24, a 52-week low of $9.10 was recorded on 04/26/24. SMA at 50 days reached $13.83, while 200 days put it at $12.61.
Levels Of Support And Resistance For HLIT Stock
The 24-hour chart illustrates a support level at 10.80, which if violated will result in even more drops to 10.64. On the upside, there is a resistance level at 11.14. A further resistance level may holdings at 11.31. The Relative Strength Index (RSI) on the 14-day chart is 26.72, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.67%. Stochastics %K at 16.26% indicates the stock is a buying.
How much short interest is there in Harmonic, Inc?
A steep rise in short interest was recorded in Harmonic, Inc stocks on 2024-10-15, dropping by -0.56 million shares to a total of 3.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.23 million shares. There was a decline of -15.27%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 24, 2022 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.
