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The Potential Rise in the Price of Helix Energy Solutions Group Inc (HLX) following insiders activity

Helix Energy Solutions Group Inc’s filing revealed that its PRESIDENT & CEO KRATZ OWEN E unloaded Company’s shares for reported $3.56 million on Oct 03 ’24. In the deal valued at $11.92 per share,298,419 shares were sold. As a result of this transaction, KRATZ OWEN E now holds 7,171,860 shares worth roughly $71.22 million.

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Then, KRATZ OWEN E bought 298,419 shares, generating $3,558,204 in total proceeds.

Before that, Glassman Diana sold 2,864 shares. Helix Energy Solutions Group Inc shares valued at $30,058 were divested by the Director at a price of $10.49 per share. As a result of the transaction, Glassman Diana now holds 42,133 shares, worth roughly $0.42 million.

BTIG Research downgraded its Helix Energy Solutions Group Inc [HLX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in mid September with a ‘”a Strong buy”‘ rating. BTIG Research also remained covering HLX and has increased its forecast on October 26, 2022 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on July 27, 2022. It rated HLX as “an Outperform” which previously was an “an In-line”.

Price Performance Review of HLX

On Friday, Helix Energy Solutions Group Inc [NYSE:HLX] saw its stock fall -5.34% to $9.93. Over the last five days, the stock has lost -7.11%. Helix Energy Solutions Group Inc shares have fallen nearly -3.40% since the year began. Nevertheless, the stocks have risen 12.59% over the past one year. While a 52-week high of $13.05 was reached on 07/17/24, a 52-week low of $8.82 was recorded on 02/29/24. SMA at 50 days reached $10.33, while 200 days put it at $10.75.

Levels Of Support And Resistance For HLX Stock

The 24-hour chart illustrates a support level at 9.67, which if violated will result in even more drops to 9.41. On the upside, there is a resistance level at 10.34. A further resistance level may holdings at 10.75. The Relative Strength Index (RSI) on the 14-day chart is 40.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.37%. Stochastics %K at 28.57% indicates the stock is a holding.

How much short interest is there in Helix Energy Solutions Group Inc?

A steep rise in short interest was recorded in Helix Energy Solutions Group Inc stocks on 2024-11-15, growing by 1.34 million shares to a total of 7.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.68 million shares. There was a rise of 19.06%, which implies that there is a positive sentiment for the stock.

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