Harmonic, Inc’s recent filing unveils that its Director Whalen Daniel T acquired Company’s shares for reported $9990.0 on Feb 25 ’25. In the deal valued at $9.99 per share,1,000 shares were bought. As a result of this transaction, Whalen Daniel T now holds 9,840 shares worth roughly $0.1 million.
Then, Whalen Daniel T bought 3,000 shares, generating $30,459 in total proceeds. Upon buying the shares at $10.15, the Director now owns 8,840 shares.
Before that, KRALL DAVID bought 10,000 shares. Harmonic, Inc shares valued at $97,830 were divested by the Director at a price of $9.78 per share. As a result of the transaction, KRALL DAVID now holds 163,490 shares, worth roughly $1.7 million.
A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late October from “a Strong buy” to “an Outperform”. Jefferies also remained covering HLIT and has decreased its forecast on October 29, 2024 with a “Hold” recommendation from previously “Buy” rating. Raymond James revised its rating on August 10, 2023. It rated HLIT as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of HLIT
On Friday, Harmonic, Inc [NASDAQ:HLIT] saw its stock jump 0.97% to $10.40. Over the last five days, the stock has gained 0.87%. Harmonic, Inc shares have fallen nearly -21.39% since the year began. Nevertheless, the stocks have fallen -19.75% over the past one year. While a 52-week high of $15.46 was reached on 01/06/25, a 52-week low of $8.42 was recorded on 02/11/25. SMA at 50 days reached $11.26, while 200 days put it at $12.53.
Levels Of Support And Resistance For HLIT Stock
The 24-hour chart illustrates a support level at 10.30, which if violated will result in even more drops to 10.20. On the upside, there is a resistance level at 10.50. A further resistance level may holdings at 10.60. The Relative Strength Index (RSI) on the 14-day chart is 46.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.15%. Stochastics %K at 46.98% indicates the stock is a holding.
How much short interest is there in Harmonic, Inc?
A steep rise in short interest was recorded in Harmonic, Inc stocks on 2025-02-28, dropping by -0.12 million shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 2.43 million shares. There was a decline of -5.01%, which implies that there is a negative sentiment for the stock.
