Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Holley Inc shares valued at $49,131 were purchased by Rubel Matthew E on Jun 12 ’24. At $3.39 per share, Rubel Matthew E acquired 14,493 shares. The insider’s holdings grew to 169,979 shares worth approximately $0.48 million following the completion of this transaction.
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Also, Clempson Graham purchased 59,076 shares, netting a total of over 247,168 in proceeds. Following the buying of shares at $4.18 each, the insider now holds 63,851 shares.
Before that, Clempson Graham had added 40,924 shares to its account. In a trade valued at $172,933, the Director bought Holley Inc shares for $4.23 each. Upon closing the transaction, the insider’s holdings increased to 40,924 shares, worth approximately $0.3 million.
As published in a research note from Telsey Advisory Group on August 08, 2024, Holley Inc [HLLY] has been retained to an Outperform and the price target has been revised to $5.50. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early May. As of February 20, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for HLLY. Earlier on November 15, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for HLLY stock which previously was a “a Hold”.
Analyzing HLLY Stock Performance
During the last five days, there has been a surge of approximately 6.77%. Over the course of the year, Holley Inc shares have dropped approximately -41.68%. Shares of the company reached a 52-week high of $5.23 on 01/29/24 and a 52-week low of $2.54 on 10/31/24. A 50-day SMA is recorded $2.95, while a 200-day SMA reached $3.72. Nevertheless, trading volume fell to 0.55 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for Holley Inc (HLLY)
According to the 24-hour chart, there is a support level at 2.79, which, if violated, would cause prices to drop to 2.74. In the upper region, resistance lies at 2.90. The next price resistance is at 2.97. RSI (Relative Strength Index) is 51.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 31.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
