Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hudson Technologies, Inc shares valued at $14,948 were purchased by ABBATECOLA VINCENT P on Nov 07 ’24. At $5.98 per share, ABBATECOLA VINCENT P acquired 2,500 shares. The insider’s holdings grew to 161,841 shares worth approximately $0.85 million following the completion of this transaction.
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Also, ABBATECOLA VINCENT P sold 10,000 shares, netting a total of over 92,000 in proceeds. Following the sale of shares at $9.20 each, the insider now holds 159,341 shares.
As published in a research note from ROTH MKM on November 05, 2024, Hudson Technologies, Inc [HDSN] has been rated down from a Buy to a Neutral and the price target has been revised to $7. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of October 30, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for HDSN. Earlier on May 02, 2024, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for HDSN stock which previously was a “a Buy”.
Analyzing HDSN Stock Performance
During the last five days, there has been a drop of approximately -10.71%. Over the course of the year, Hudson Technologies, Inc shares have dropped approximately -61.08%. Shares of the company reached a 52-week high of $15.24 on 02/26/24 and a 52-week low of $5.21 on 12/18/24. A 50-day SMA is recorded $6.64, while a 200-day SMA reached $8.59. Nevertheless, trading volume fell to 0.63 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Hudson Technologies, Inc (HDSN)
According to the 24-hour chart, there is a support level at 5.16, which, if violated, would cause prices to drop to 5.06. In the upper region, resistance lies at 5.40. The next price resistance is at 5.54. RSI (Relative Strength Index) is 25.39 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 95.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
