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The Potential Rise in the Price of HF Sinclair Corp (DINO) following insiders activity

HF Sinclair Corp’s recent filing unveils that its CEO and President Go Timothy acquired Company’s shares for reported $99922.0 on Nov 05 ’24. In the deal valued at $39.97 per share,2,500 shares were bought. As a result of this transaction, Go Timothy now holds 126,513 shares worth roughly $5.26 million.

Then, MYERS FRANKLIN bought 5,000 shares, generating $193,775 in total proceeds. Upon buying the shares at $38.76, the Director now owns 145,293 shares.

Before that, MYERS FRANKLIN bought 2,000 shares. HF Sinclair Corp shares valued at $104,080 were divested by the Director at a price of $52.04 per share. As a result of the transaction, MYERS FRANKLIN now holds 140,293 shares, worth roughly $5.83 million.

Wolfe Research initiated its HF Sinclair Corp [DINO] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. TD Cowen maintained its rating on February 22, 2024. It rated DINO as “a Market perform”.

Price Performance Review of DINO

On Monday, HF Sinclair Corp [NYSE:DINO] saw its stock jump 1.56% to $41.57. Over the last five days, the stock has lost -1.89%. HF Sinclair Corp shares have fallen nearly -25.19% since the year began. Nevertheless, the stocks have fallen -20.79% over the past one year. While a 52-week high of $64.16 was reached on 04/05/24, a 52-week low of $38.25 was recorded on 10/31/24. SMA at 50 days reached $43.15, while 200 days put it at $50.88.

Levels Of Support And Resistance For DINO Stock

The 24-hour chart illustrates a support level at 40.66, which if violated will result in even more drops to 39.76. On the upside, there is a resistance level at 42.13. A further resistance level may holdings at 42.70. The Relative Strength Index (RSI) on the 14-day chart is 45.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.18%. Stochastics %K at 19.01% indicates the stock is a buying.

How much short interest is there in HF Sinclair Corp?

A steep rise in short interest was recorded in HF Sinclair Corp stocks on 2024-11-15, dropping by -0.76 million shares to a total of 6.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.18 million shares. There was a decline of -11.82%, which implies that there is a negative sentiment for the stock.

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