The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Helix Energy Solutions Group Inc shares valued at $1,678,155 were sold by Sparks Scott Andrew on Dec 10 ’24. At $9.87 per share, Sparks Scott Andrew sold 170,000 shares. The insider’s holdings dropped to 112,634 shares worth approximately $1.04 million following the completion of this transaction.
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Also, Glassman Diana sold 16,000 shares, netting a total of over 159,056 in proceeds. Following the sale of shares at $9.94 each, the insider now holds 26,133 shares.
Before that, Glassman Diana had added 16,000 shares to its account. In a trade valued at $159,056, the Director bought Helix Energy Solutions Group Inc shares for $9.94 each.
As published in a research note from BTIG Research on October 24, 2024, Helix Energy Solutions Group Inc [HLX] has been rated down from a Buy to a Neutral. Analysts at Raymond James started covering the stock with ‘”a Strong buy”‘ outlook in a report released in mid September. As of October 26, 2022, BTIG Research has increased its “Neutral” rating to a “Buy” for HLX. Earlier on July 27, 2022, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for HLX stock which previously was a “an In-line”.
Analyzing HLX Stock Performance
During the last five days, there has been a drop of approximately -0.54%. Over the course of the year, Helix Energy Solutions Group Inc shares have dropped approximately -11.09%. Shares of the company reached a 52-week high of $13.05 on 07/17/24 and a 52-week low of $8.81 on 12/20/24. A 50-day SMA is recorded $9.98, while a 200-day SMA reached $10.74. Nevertheless, trading volume fell to 0.7 million shares from 1.25 million shares the previous day.
Support And Resistance Levels for Helix Energy Solutions Group Inc (HLX)
According to the 24-hour chart, there is a support level at 9.07, which, if violated, would cause prices to drop to 8.87. In the upper region, resistance lies at 9.36. The next price resistance is at 9.45. RSI (Relative Strength Index) is 35.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 76.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
