Select Water Solutions Inc’s filing revealed that its Chief Accounting Officer Szymanski Brian unloaded Company’s shares for reported $67307.0 on Mar 06 ’24. In the deal valued at $8.33 per share,8,080 shares were sold. As a result of this transaction, Szymanski Brian now holds 84,304 shares worth roughly $0.8 million.
Then, Swyka Nick L sold 9,009 shares, generating $77,051 in total proceeds. Upon selling the shares at $8.55, the CFO & Senior VP now owns 272,140 shares.
Before that, George Christopher Kile sold 23,000 shares. Select Water Solutions Inc shares valued at $198,531 were divested by the SVP IR Corp Dev Sustainability at a price of $8.63 per share. As a result of the transaction, George Christopher Kile now holds 255,587 shares, worth roughly $2.43 million.
Raymond James initiated its Select Water Solutions Inc [WTTR] rating to a Strong buy in a research note published on March 23, 2023; the price target was $12. A number of analysts have revised their coverage, including Seaport Global Securities’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. JP Morgan also remained covering WTTR and has decreased its forecast on October 02, 2020 with a “an Underweight” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on March 13, 2020. It rated WTTR as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of WTTR
On Friday, Select Water Solutions Inc [NYSE:WTTR] saw its stock jump 2.04% to $9.52. Over the last five days, the stock has gained 3.14%. Select Water Solutions Inc shares have risen nearly 25.43% since the year began. Nevertheless, the stocks have risen 30.05% over the past one year. While a 52-week high of $9.55 was reached on 04/05/24, a 52-week low of $6.78 was recorded on 01/17/24. SMA at 50 days reached $8.45, while 200 days put it at $7.94. A total of 1.4 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For WTTR Stock
The 24-hour chart illustrates a support level at 9.37, which if violated will result in even more drops to 9.23. On the upside, there is a resistance level at 9.70. A further resistance level may holdings at 9.89. The Relative Strength Index (RSI) on the 14-day chart is 68.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.66%. Stochastics %K at 78.59% indicates the stock is a holding.
How much short interest is there in Select Water Solutions Inc?
A steep rise in short interest was recorded in Select Water Solutions Inc stocks on Mar 15, 2024, growing by 20000.0 shares to a total of 2.95 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.93 million shares. There was a rise of 0.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.46.
