Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Harmonic, Inc shares valued at $97,830 were purchased by KRALL DAVID on Feb 13 ’25. At $9.78 per share, KRALL DAVID acquired 10,000 shares. The insider’s holdings grew to 163,490 shares worth approximately $1.73 million following the completion of this transaction.
Also, Ben-Natan Nimrod purchased 7,780 shares, netting a total of over 75,061 in proceeds. Following the buying of shares at $9.65 each, the insider now holds 347,797 shares.
Before that, Jankovic Walter had added 12,000 shares to its account. In a trade valued at $113,280, the Chief Financial Officer bought Harmonic, Inc shares for $9.44 each. Upon closing the transaction, the insider’s holdings increased to 12,000 shares, worth approximately $0.49 million.
As published in a research note from Raymond James on October 29, 2024, Harmonic, Inc [HLIT] has been rated down from a Strong buy to an Outperform and the price target has been revised to $14 from $17. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late October. As of August 10, 2023, Raymond James has increased its “an Outperform” rating to a “Strong buy” for HLIT. Earlier on January 09, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for HLIT stock which previously was a “a Hold”.
Analyzing HLIT Stock Performance
During the last five days, there has been a surge of approximately 12.63%. Over the course of the year, Harmonic, Inc shares have dropped approximately -19.80%. Shares of the company reached a 52-week high of $13.68 on 01/06/25 and a 52-week low of $8.42 on 02/11/25. A 50-day SMA is recorded $12.24, while a 200-day SMA reached $12.62. Nevertheless, trading volume fell to 2.15 million shares from 2.63 million shares the previous day.
Support And Resistance Levels for Harmonic, Inc (HLIT)
According to the 24-hour chart, there is a support level at 10.40, which, if violated, would cause prices to drop to 10.19. In the upper region, resistance lies at 10.83. The next price resistance is at 11.05. RSI (Relative Strength Index) is 40.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 36.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
