In a filing, ProPetro Holding Corp revealed its Director Vion Michele unloaded Company’s shares for reported $0.15 million on Nov 03 ’23. In the deal valued at $10.48 per share,14,426 shares were sold. As a result of this transaction, Vion Michele now holds 25,668 shares worth roughly $0.2 million.
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Then, GOBE PHILLIP A sold 20,000 shares, generating $220,000 in total proceeds. Upon selling the shares at $11.00, the Director now owns 168,629 shares.
Before that, GOBE PHILLIP A sold 15,000 shares. ProPetro Holding Corp shares valued at $157,500 were divested by the Director at a price of $10.50 per share. As a result of the transaction, GOBE PHILLIP A now holds 188,629 shares, worth roughly $1.45 million.
The Benchmark Company downgraded its ProPetro Holding Corp [PUMP] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in mid July from “a Hold” to “a Buy”. The Benchmark Company began covering PUMP with “Hold” recommendation on January 19, 2023. Citigroup revised its rating on January 17, 2023. It rated PUMP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PUMP
On Tuesday, ProPetro Holding Corp [NYSE:PUMP] saw its stock fall -1.54% to $7.67. Over the last five days, the stock has lost -0.52%. ProPetro Holding Corp shares have fallen nearly -8.47% since the year began. Nevertheless, the stocks have risen 12.13% over the past one year. While a 52-week high of $11.37 was reached on 01/31/24, a 52-week low of $6.33 was recorded on 03/05/24. SMA at 50 days reached $7.75, while 200 days put it at $8.99. A total of 0.91 million shares were traded, compared to the trading of 1.13 million shares in the previous session.
Levels Of Support And Resistance For PUMP Stock
The 24-hour chart illustrates a support level at 7.58, which if violated will result in even more drops to 7.49. On the upside, there is a resistance level at 7.81. A further resistance level may holdings at 7.95. The Relative Strength Index (RSI) on the 14-day chart is 50.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.82%. Stochastics %K at 64.88% indicates the stock is a holding.
How much short interest is there in ProPetro Holding Corp?
A steep rise in short interest was recorded in ProPetro Holding Corp stocks on Feb 29, 2024, dropping by -0.51 million shares to a total of 4.12 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.63 million shares. There was a decline of -12.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.91% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.52.
