Harmonic, Inc’s recently made public that its Director Whalen Daniel T acquired Company’s shares for reported $17980.0 on May 30 ’25. In the deal valued at $8.99 per share,2,000 shares were bought. As a result of this transaction, Whalen Daniel T now holds 11,840 shares worth roughly $0.1 million.
Then, Whalen Daniel T bought 1,000 shares, generating $9,990 in total proceeds. Upon buying the shares at $9.99, the Director now owns 9,840 shares.
Before that, Whalen Daniel T bought 3,000 shares. Harmonic, Inc shares valued at $30,459 were divested by the Director at a price of $10.15 per share. As a result of the transaction, Whalen Daniel T now holds 8,840 shares, worth roughly $78234.0.
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 fall -4.43% to $8.85. Over the last five days, the stock has lost -6.74%. Harmonic, Inc shares have fallen nearly -33.11% since the year began. Nevertheless, the stocks have fallen -21.19% over the past one year. While a 52-week high of $15.46 was reached on 01/06/25, a 52-week low of $7.91 was recorded on 04/07/25.
Levels Of Support And Resistance For HLIT Stock
The 24-hour chart illustrates a support level at 8.74, which if violated will result in even more drops to 8.62. On the upside, there is a resistance level at 9.06. A further resistance level may holdings at 9.26.
How much short interest is there in Harmonic, Inc?
A steep rise in short interest was recorded in Harmonic, Inc stocks on 2025-05-30, dropping by -0.69 million shares to a total of 2.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 2.81 million shares. There was a decline of -32.31%, which implies that there is a negative sentiment for the stock.
