In a filing, Par Pacific Holdings Inc revealed its Chief Accounting Officer Guerra Ivan Daniel unloaded Company’s shares for reported $0.22 million on Mar 13 ’24. In the deal valued at $37.49 per share,6,000 shares were sold. As a result of this transaction, Guerra Ivan Daniel now holds 16,200 shares worth roughly $0.62 million.
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Then, Hollis Jeffrey Ryan sold 4,700 shares, generating $175,733 in total proceeds. Upon selling the shares at $37.39, the insider now owns 13,176 shares.
Before that, PATE WILLIAM sold 75,000 shares. Par Pacific Holdings Inc shares valued at $2,604,750 were divested by the Chief Executive Officer at a price of $34.73 per share. As a result of the transaction, PATE WILLIAM now holds 483,019 shares, worth roughly $18.51 million.
TD Cowen reiterated its Par Pacific Holdings Inc [PARR] rating to an Outperform in a research note published on May 05, 2023; the price target was $28. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early March with a ‘”a Neutral”‘ rating. Piper Sandler also remained covering PARR and has increased its forecast on January 20, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Goldman revised its rating on August 18, 2022. It rated PARR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PARR
On Monday, Par Pacific Holdings Inc [NYSE:PARR] saw its stock fall -1.77% to $38.32. Over the last five days, the stock has gained 1.51%. Par Pacific Holdings Inc shares have risen nearly 5.36% since the year began. Nevertheless, the stocks have risen 39.70% over the past one year. While a 52-week high of $40.69 was reached on 02/27/24, a 52-week low of $20.30 was recorded on 01/18/24. SMA at 50 days reached $37.03, while 200 days put it at $33.58. A total of 0.64 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For PARR Stock
The 24-hour chart illustrates a support level at 37.74, which if violated will result in even more drops to 37.15. On the upside, there is a resistance level at 39.30. A further resistance level may holdings at 40.27. The Relative Strength Index (RSI) on the 14-day chart is 54.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.64%. Stochastics %K at 82.66% indicates the stock is a selling.
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 Feb 29, 2024, dropping by -0.14 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.6 million shares. There was a decline of -5.69%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.90% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.3.
