Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hyperfine Inc shares valued at $2,380 were sold by TEISSEYRE THOMAS on Nov 18 ’24. At $0.85 per share, TEISSEYRE THOMAS sold 2,800 shares. The insider’s holdings dropped to 88,227 shares worth approximately $0.14 million following the completion of this transaction.
Also, TEISSEYRE THOMAS sold 2,746 shares, netting a total of over 2,883 in proceeds. Following the sale of shares at $1.05 each, the insider now holds 91,027 shares.
Before that, TEISSEYRE THOMAS had sold 2,753 shares from its account. In a trade valued at $2,423, the Chief Operating Officer traded Hyperfine Inc shares for $0.88 each. Upon closing the transaction, the insider’s holdings decreased to 2,753 shares, worth approximately $0.15 million.
As published in a research note from Wells Fargo on August 11, 2022, Hyperfine Inc [HYPR] has been rated down from an Overweight to an Equal weight and the price target has been revised to $2.40 from $8. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of April 14, 2022, Wells Fargo has initiated its “an Overweight” rating for HYPR.
Analyzing HYPR Stock Performance
During the last five days, there has been a surge of approximately 63.64%. Over the course of the year, Hyperfine Inc shares have jumped approximately 84.09%. Shares of the company reached a 52-week high of $1.6700 on 02/05/25 and a 52-week low of $0.8502 on 01/02/25. A 50-day SMA is recorded $0.9939, while a 200-day SMA reached $0.9768. Nevertheless, trading volume fell to 0.76 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Hyperfine Inc (HYPR)
According to the 24-hour chart, there is a support level at 1.4167, which, if violated, would cause prices to drop to 1.2133. In the upper region, resistance lies at 1.7467. The next price resistance is at 1.8733. RSI (Relative Strength Index) is 86.87 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.3213, which suggests the price will decrease in the coming days. Percent R is at 6.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
