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Selling Buzz: Hillman Solutions Corp [HLMN] Director Woodlief Philip sells 19,779 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hillman Solutions Corp shares valued at $221,129 were sold by Woodlief Philip on Dec 06 ’24. At $11.18 per share, Woodlief Philip sold 19,779 shares. The insider’s holdings dropped to 55,811 shares worth approximately $0.56 million following the completion of this transaction.

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Also, Woodlief Philip purchased 19,779 shares, netting a total of over 221,116 in proceeds.

Before that, Ride Scott had sold 72,523 shares from its account. In a trade valued at $773,458, the President, Hillman Canada traded Hillman Solutions Corp shares for $10.66 each. Upon closing the transaction, the insider’s holdings decreased to 72,523 shares, worth approximately $0.7 million.

As published in a research note from Barclays on December 13, 2023, Hillman Solutions Corp [HLMN] has been rated down from an Overweight to an Equal weight and the price target has been revised to $9. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of May 31, 2023, Imperial Capital has initiated its “an Outperform” rating for HLMN.

Analyzing HLMN Stock Performance

During the last five days, there has been a drop of approximately -8.09%. Over the course of the year, Hillman Solutions Corp shares have jumped approximately 8.58%. Shares of the company reached a 52-week high of $12.08 on 11/06/24 and a 52-week low of $8.43 on 06/25/24. A 50-day SMA is recorded $10.89, while a 200-day SMA reached $9.94. Nevertheless, trading volume fell to 1.47 million shares from 0.79 million shares the previous day.

Support And Resistance Levels for Hillman Solutions Corp (HLMN)

According to the 24-hour chart, there is a support level at 9.87, which, if violated, would cause prices to drop to 9.74. In the upper region, resistance lies at 10.18. The next price resistance is at 10.36. RSI (Relative Strength Index) is 28.35 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.72, which suggests the price will decrease in the coming days. Percent R is at 95.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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