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. Hallador Energy Co shares valued at $149,265 were purchased by Wesley Charles Ray IV on Sep 06 ’24. At $5.97 per share, Wesley Charles Ray IV acquired 25,000 shares. The insider’s holdings grew to 184,302 shares worth approximately $1.96 million following the completion of this transaction.
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Also, Gray Zarrell Thomas purchased 2,000 shares, netting a total of over 13,000 in proceeds. Following the buying of shares at $6.50 each, the insider now holds 51,000 shares.
Before that, Gray Zarrell Thomas had added 1,000 shares to its account. In a trade valued at $7,750, the Director bought Hallador Energy Co shares for $7.75 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.51 million.
As published in a research note from B. Riley Securities on May 30, 2024, Hallador Energy Co [HNRG] has been rated up from a Neutral to a Buy and the price target has been revised to $9 from $8. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of March 15, 2017, FBR & Co. has reiterated its “an Outperform” rating for HNRG. Earlier on November 23, 2016, FBR & Co. resumed its rating. Their recommendation was “an Outperform” for HNRG stock.
Analyzing HNRG Stock Performance
During the last five days, there has been a surge of approximately 6.95%. Over the course of the year, Hallador Energy Co shares have jumped approximately 20.14%. Shares of the company reached a 52-week high of $10.87 on 10/04/24 and a 52-week low of $4.33 on 04/18/24. A 50-day SMA is recorded $8.66, while a 200-day SMA reached $7.29. Nevertheless, trading volume fell to 0.78 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Hallador Energy Co (HNRG)
According to the 24-hour chart, there is a support level at 10.13, which, if violated, would cause prices to drop to 9.65. In the upper region, resistance lies at 10.98. The next price resistance is at 11.35. RSI (Relative Strength Index) is 60.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 8.79%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
