Nine Energy Service Inc’s recently made public that its insider Sirkes Guy unloaded Company’s shares for reported $36609.0 on Mar 13 ’24. In the deal valued at $2.19 per share,16,709 shares were sold. As a result of this transaction, Sirkes Guy now holds 117,918 shares worth roughly $0.31 million.
Then, Fox Ann G sold 216,704 shares, generating $470,248 in total proceeds. Upon selling the shares at $2.17, the insider now owns 508,783 shares.
Before that, Crombie David sold 40,657 shares. Nine Energy Service Inc shares valued at $187,022 were divested by the insider at a price of $4.60 per share. As a result of the transaction, Crombie David now holds 209,075 shares, worth roughly $0.54 million.
Citigroup upgraded its Nine Energy Service Inc [NINE] rating to a Neutral from a a Sell in a research note published on December 15, 2020; the price target was increased to $3 from $1. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid May from “an Overweight” to “a Neutral”. Goldman also remained covering NINE and has decreased its forecast on March 27, 2020 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on March 13, 2020. It rated NINE as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of NINE
On Friday, Nine Energy Service Inc [NYSE:NINE] saw its stock jump 7.44% to $2.60. Over the last five days, the stock has gained 16.07%. Nine Energy Service Inc shares have fallen nearly -2.99% since the year began. Nevertheless, the stocks have fallen -55.56% over the past one year. While a 52-week high of $5.97 was reached on 01/02/24, a 52-week low of $1.78 was recorded on 03/07/24. SMA at 50 days reached $2.24, while 200 days put it at $3.23. A total of 0.91 million shares were traded, compared to the trading of 0.85 million shares in the previous session.
Levels Of Support And Resistance For NINE Stock
The 24-hour chart illustrates a support level at 2.41, which if violated will result in even more drops to 2.22. On the upside, there is a resistance level at 2.73. A further resistance level may holdings at 2.86. The Relative Strength Index (RSI) on the 14-day chart is 65.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.67%. Stochastics %K at 83.99% indicates the stock is a selling.
How much short interest is there in Nine Energy Service Inc?
A steep rise in short interest was recorded in Nine Energy Service Inc stocks on Mar 15, 2024, dropping by -0.35 million shares to a total of 2.86 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.21 million shares. There was a decline of -12.24%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.78% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.92.
