Par Pacific Holdings Inc.’s recently made public that its Chief Executive Officer PATE WILLIAM unloaded Company’s shares for reported $4.01 million on Aug 14. In the deal valued at $34.85 per share,115,099 shares were sold. As a result of this transaction, PATE WILLIAM now holds 483,019 shares worth roughly $ 17.22 million.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
Then, Monteleone William sold 14,063 shares, generating $491,924 in total proceeds. Upon selling the shares at $34.98, the President now owns 309,720 shares.
Before that, Flores Shawn David sold 6,266 shares. Par Pacific Holdings Inc. shares valued at $229,900 were divested by the insider at a price of $36.69 per share. As a result of the transaction, Flores Shawn David now holds 25,203 shares, worth roughly $0.9 million.
TD Cowen reiterated its Par Pacific Holdings Inc. [PARR] rating to an Outperform in a research note published on Friday, May 05, 2023; the price target was $28. PT values the company’s stock at a premium of -27.36 to its Friday closing price.
Price Performance Review of PARR
On Friday, Par Pacific Holdings Inc. [NYSE:PARR] saw its stock jump 3.81% to $35.66. On the same session, the stock had its day’s lowest price of $35.00, but rose to a high of $36.30. Over the last five days, the stock has lost -2.35%. Par Pacific Holdings Inc. shares have risen nearly 53.38% since the year began. Nevertheless, the stocks have risen 89.68% over the past one year. While a 52-week high of $37.49 was reached on 08/11/23, a 52-week low of $14.42 was recorded on 05/09/23. SMA at 50 days reached $31.09, while 200 days put it at $26.17. A total of 0.74 million shares were traded, compared to the trading of 1.55 million shares in the previous session.
Levels Of Support And Resistance For PARR Stock
The 24-hour chart illustrates a support level at 35.01, which if violated will result in even more drops to 34.35. On the upside, there is a resistance level at 36.31. A further resistance level may holdings at 36.95. The Relative Strength Index (RSI) on the 14-day chart is 61.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.74%. Stochastics %K at 43.07% indicates the stock is a holding.
How much short interest is there in Par Pacific Holdings Inc.?
A steep rise in short interest was recorded in Par Pacific Holdings Inc. stocks on Aug 14, 2023, dropping by -0.95 million shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.09 million shares. There was a decline of -30.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.07% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.93.
Par Pacific Holdings Inc. [PARR] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,447,805 shares, or roughly 12.20% of the outstanding PARR shares. In other words, the investor’s shares have risen by 459,899 from its previous 13-F filing of 6987906.0. Additionally, The Vanguard Group, Inc. increased 13.17% of its stake after which the total value it holdings stand at $189,961,275. Over the last quarter, SSgA Funds Management, Inc. purchased 446,678 shares of Par Pacific Holdings Inc., while Rubric Capital Management LP bought -205,732 shares. At present, Dimensional Fund Advisors LP is holding 2,081,237 shares valued at $65.52 million. Pacer Advisors, Inc. owned 2,035,157 shares of the company at the time of its most recent 13F filing, worth $64.07 million.
According to FactSet, Par Pacific Holdings Inc.’s share price will average $38.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.63 percent from its previous closing price of $34.35. Analysts expect Par Pacific Holdings Inc. stock to reach the higher price of $46.00, while the lowest price estimate is $34.00. However, 6 analysts have rated PARR stock as an Overweight in their predictions for 2023.