Taking a look at what insiders are doing to gauge the U.S. Silica Holdings Inc. (SLCA)’s direction


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. U.S. Silica Holdings Inc. shares valued at $818,635 were sold by Shinn Bryan Adair on Mar 03. At $13.99 per share, Shinn Bryan Adair sold 58,499 shares. The insider’s holdings dropped to 1,460,684 shares worth approximately $17.6 million following the completion of this transaction.

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Also, Merril Donald A sold 19,991 shares, netting a total of over 269,886 in proceeds. Following the sale of shares at $13.50 each, the insider now holds 310,790 shares.

Before that, DUREN DIANE K had sold 16,089 shares from its account. In a trade valued at $183,897, the Director traded U.S. Silica Holdings Inc. shares for $11.43 each. Upon closing the transaction, the insider’s holdings decreased to 16,089 shares, worth approximately $0.98 million.

As published in a research note from Morgan Stanley on July 13, 2022, U.S. Silica Holdings Inc. [SLCA] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $15. This represents a 19.67% premium over Thursday’s closing price. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid June. As of May 02, 2022, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for SLCA. Earlier on May 28, 2021, Barclays downgraded its rating. Their new recommendation was “an Underweight” for SLCA stock which previously was a “an Equal weight”.

Analyzing SLCA Stock Performance

On Thursday, U.S. Silica Holdings Inc. [NYSE: SLCA] plunged -5.49% to $12.05. The stock’s lowest price that day was $12.02, but it reached a high of $12.89 in the same session. During the last five days, there has been a drop of approximately -10.67%. Over the course of the year, U.S. Silica Holdings Inc. shares have dropped approximately -3.60%. Shares of the company reached a 52-week high of $14.07 on 03/03/23 and a 52-week low of $10.54 on 02/22/23. A 50-day SMA is recorded $12.08, while a 200-day SMA reached $12.86. Nevertheless, trading volume fell to 0.94 million shares from 0.96 million shares the previous day.

Support And Resistance Levels for U.S. Silica Holdings Inc. (SLCA)

According to the 24-hour chart, there is a support level at 11.75, which, if violated, would cause prices to drop to 11.45. In the upper region, resistance lies at 12.62. The next price resistance is at 13.19. RSI (Relative Strength Index) is 47.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 57.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is U.S. Silica Holdings Inc. subject to short interest?

Stocks of U.S. Silica Holdings Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by -0.14 million shares to 5.32 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 5.46 million shares. A decline of -2.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.25 of the overall float, the days-to-cover ratio (short ratio) decline to 7.25.

Which companies own the most shares of U.S. Silica Holdings Inc. (SLCA)?

According to BlackRock Fund Advisors filings, the company currently owns 12,883,278 shares, which is about 17.02% of the total SLCA shares outstanding. The investor’s shares have appreciated by 760,849 from its previous 13-F filing of 12122429.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $79,459,448. Dimensional Fund Advisors LP acquire a 3.97% interest valued at $47.83 million while Renaissance Technologies LLC sold a -494,300 stake. A total of -196,711 shares of U.S. Silica Holdings Inc. were sold by SSgA Funds Management, Inc. during the quarter, and 180,666 were bought by Millennium Management LLC. In its current portfolio, Van Eck Associates Corp. holds 2,310,730 shares valued at $28.28 million.

In terms of U.S. Silica Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $19.50 in the next 12 months, up nearly 52.94% from the previous closing price of $12.75. Analysts anticipate U.S. Silica Holdings Inc. stock to reach $24.00 by 2023, with the lowest price target being $15.00. In spite of this, 4 analysts ranked U.S. Silica Holdings Inc. stock as a Hold at the end of 2023.


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