Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Holley Inc shares valued at $5,230,068 were sold by LOBEL DAVID S on Dec 16 ’24. At $3.00 per share, LOBEL DAVID S sold 1,743,356 shares. The insider’s holdings dropped to 41,556,961 shares worth approximately $113.87 million following the completion of this transaction.
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Also, Holley Parent Holdings, LLC purchased 1,743,356 shares, netting a total of over 5,230,068 in proceeds.
Before that, Rubel Matthew E had added 14,493 shares to its account. In a trade valued at $49,131, the Exec. Chairman of the Board bought Holley Inc shares for $3.39 each. Upon closing the transaction, the insider’s holdings increased to 14,493 shares, worth approximately $0.47 million.
As published in a research note from Telsey Advisory Group on November 11, 2024, Holley Inc [HLLY] has been retained to an Outperform and the price target has been revised to $4.50. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early August. As of May 09, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for HLLY. Earlier on February 20, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for HLLY stock which previously was a “an Overweight”.
Analyzing HLLY Stock Performance
During the last five days, there has been a drop of approximately -3.86%. Over the course of the year, Holley Inc shares have dropped approximately -43.74%. Shares of the company reached a 52-week high of $5.23 on 01/29/24 and a 52-week low of $2.29 on 11/08/24. A 50-day SMA is recorded $2.79, while a 200-day SMA reached $3.44. Nevertheless, trading volume fell to 0.71 million shares from 0.68 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 2.67, which, if violated, would cause prices to drop to 2.61. In the upper region, resistance lies at 2.85. The next price resistance is at 2.96. RSI (Relative Strength Index) is 45.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 81.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
