Helios And Matheson Higher For 4th Session In A Row

Loading...
Loading...

Helios and Matheson Analytics Inc HMNY shares are trading higher by $6.00 (25 percent) at $27.09 in Tuesday's session.

The stock is now trading higher for the fourth day in a row, rallying from its Oct. 4 close ($12.42), to as high as $28.32 earlier in today's session. The explosive rally is viewed by some investors as a sympathy move to Netflix, Inc. NFLX news of raising its subscription price. Since its Sept. 15 close ($3.67), it has added 636 percent.

After a higher open, Helios and Matheson had a minor retreat to $22.75, which was well ahead of Monday's close of $21.09, before continuing its move higher. The follow through on the rally didn't find sellers until $28.32 and has now pulled back to the $27.00 area. That exceeds its Aug. 20005 high ($24.83), but is well shy of its July 2005 high of $46.88.

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...