ChampionX Corporation’s filing revealed that its insider Bryant Deric D. unloaded Company’s shares for reported $0.7 million on Sep 01. In the deal valued at $37.07 per share,18,772 shares were sold. As a result of this transaction, Bryant Deric D. now holds 317,391 shares worth roughly $ 11.75 million.
Then, Bryant Deric D. sold 18,771 shares, generating $664,398 in total proceeds. Upon selling the shares at $35.39, the insider now owns 336,163 shares.
Before that, Somasundaram Sivasankaran sold 13,883 shares. ChampionX Corporation shares valued at $500,124 were divested by the President & CEO at a price of $36.02 per share. As a result of the transaction, Somasundaram Sivasankaran now holds 455,499 shares, worth roughly $16.87 million.
CapitalOne initiated its ChampionX Corporation [CHX] rating to an Overweight in a research note published on Tuesday, July 14, 2023; the price target was $40. PT values the company’s stock at a premium of 7.42 to its Tuesday closing price.
Price Performance Review of CHX
On Tuesday, ChampionX Corporation [NASDAQ:CHX] saw its stock fall -0.08% to $37.03. On the same session, the stock had its day’s lowest price of $36.98, but rose to a high of $37.885. Over the last five days, the stock has gained 2.75%. ChampionX Corporation shares have risen nearly 27.73% since the year began. Nevertheless, the stocks have risen 74.18% over the past one year. While a 52-week high of $37.28 was reached on 09/05/23, a 52-week low of $17.83 was recorded on 03/24/23. SMA at 50 days reached $34.44, while 200 days put it at $30.22. A total of 1.21 million shares were traded, compared to the trading of 1.42 million shares in the previous session.
Levels Of Support And Resistance For CHX Stock
The 24-hour chart illustrates a support level at 36.71, which if violated will result in even more drops to 36.39. On the upside, there is a resistance level at 37.62. A further resistance level may holdings at 38.20. The Relative Strength Index (RSI) on the 14-day chart is 65.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.68%. Stochastics %K at 86.65% indicates the stock is a selling.
How much short interest is there in ChampionX Corporation?
A steep rise in short interest was recorded in ChampionX Corporation stocks on Aug 14, 2023, growing by 0.69 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.14 million shares. There was a rise of 7.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.64.
ChampionX Corporation [CHX] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 20,936,728 shares, or roughly 10.65% of the outstanding CHX shares. In other words, the investor’s shares have risen by 50,717 from its previous 13-F filing of 20886011.0. Additionally, The Vanguard Group, Inc. decreased -0.69% of its stake after which the total value it holdings stand at $700,674,358, while AllianceBernstein LP added 13.74% of its stake to hold $291.37 million in the firm. Over the last quarter, American Century Investment Manag purchased 1,309,222 shares of ChampionX Corporation, while SSgA Funds Management, Inc. bought -276,589 shares. At present, Brown Advisory LLC is holding 6,777,593 shares valued at $241.28 million. Fidelity Management & Research Co owned 5,782,584 shares of the company at the time of its most recent 13F filing, worth $205.86 million.