Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hydrofarm Holdings Group Inc shares valued at $49,800 were purchased by Toler William Douglas on Aug 28 ’24. At $0.50 per share, Toler William Douglas acquired 100,000 shares. The insider’s holdings grew to 1,875,815 shares worth approximately $1.22 million following the completion of this transaction.
As published in a research note from Truist on May 04, 2023, Hydrofarm Holdings Group Inc [HYFM] has been rated down from a Buy to a Hold. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of May 11, 2022, UBS has decreased its “Buy” rating to a “Neutral” for HYFM. Earlier on May 11, 2022, Stifel downgraded its rating. Their new recommendation was “a Hold” for HYFM stock which previously was a “a Buy”.
Analyzing HYFM Stock Performance
During the last five days, there has been a surge of approximately 12.41%. Over the course of the year, Hydrofarm Holdings Group Inc shares have jumped approximately 12.41%. Shares of the company reached a 52-week high of $0.7500 on 01/07/25 and a 52-week low of $0.5701 on 01/02/25. A 50-day SMA is recorded $0.6468, while a 200-day SMA reached $0.7157. Nevertheless, trading volume fell to 0.13 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for Hydrofarm Holdings Group Inc (HYFM)
According to the 24-hour chart, there is a support level at 0.6343, which, if violated, would cause prices to drop to 0.6167. In the upper region, resistance lies at 0.6873. The next price resistance is at 0.7227. RSI (Relative Strength Index) is 50.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0472, which suggests the price will decrease in the coming days. Percent R is at 50.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
