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 $9,990 were purchased by Whalen Daniel T on Feb 25 ’25. At $9.99 per share, Whalen Daniel T acquired 1,000 shares. The insider’s holdings grew to 9,840 shares worth approximately $95349.59999999999 following the completion of this transaction.
Also, Whalen Daniel T purchased 3,000 shares, netting a total of over 30,459 in proceeds. Following the buying of shares at $10.15 each, the insider now holds 8,840 shares.
Before that, KRALL DAVID had added 10,000 shares to its account. In a trade valued at $97,830, the Director bought Harmonic, Inc shares for $9.78 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $1.58 million.
Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of October 29, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for HLIT. Earlier on August 10, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for HLIT stock which previously was a “an Outperform”.
Analyzing HLIT Stock Performance
During the last five days, there has been a drop of approximately -2.52%. Over the course of the year, Harmonic, Inc shares have dropped approximately -26.76%. 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 $10.53, while a 200-day SMA reached $12.42.
Support And Resistance Levels for Harmonic, Inc (HLIT)
According to the 24-hour chart, there is a support level at 9.53, which, if violated, would cause prices to drop to 9.38. In the upper region, resistance lies at 9.79. The next price resistance is at 9.90. RSI (Relative Strength Index) is 37.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 74.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
