ChampionX Corp.’s recently made public that its insider O’Dell William Jr. unloaded Company’s shares for reported $0.98 million on Mar 28 ’24. In the deal valued at $36.00 per share,27,178 shares were sold. As a result of this transaction, O’Dell William Jr. now holds 57,748 shares worth roughly $2.22 million.
Then, Bryant Deric D. sold 6,540 shares, generating $229,014 in total proceeds. Upon selling the shares at $35.02, the insider now owns 298,619 shares.
Before that, Bryant Deric D. sold 12,232 shares. ChampionX Corp. shares valued at $431,072 were divested by the insider at a price of $35.24 per share. As a result of the transaction, Bryant Deric D. now holds 305,159 shares, worth roughly $11.75 million.
Piper Sandler downgraded its ChampionX Corp. [CHX] rating to a Neutral from a an Overweight in a research note published on January 08, 2024; the price target was decreased to $32 from $38. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid October from “an Equal weight” to “an Overweight”. CapitalOne began covering CHX with “an Overweight” recommendation on July 14, 2023. Barclays revised its rating on October 06, 2022. It rated CHX as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of CHX
On Monday, ChampionX Corp. [NASDAQ:CHX] saw its stock fall -2.16% to $38.49. Over the last five days, the stock has gained 8.73%. ChampionX Corp. shares have risen nearly 31.77% since the year began. Nevertheless, the stocks have risen 38.90% over the past one year. While a 52-week high of $39.55 was reached on 04/08/24, a 52-week low of $24.98 was recorded on 01/17/24. SMA at 50 days reached $31.84, while 200 days put it at $32.23. A total of 4.04 million shares were traded, compared to the trading of 9.22 million shares in the previous session.
Levels Of Support And Resistance For CHX Stock
The 24-hour chart illustrates a support level at 37.97, which if violated will result in even more drops to 37.44. On the upside, there is a resistance level at 39.48. A further resistance level may holdings at 40.47. The Relative Strength Index (RSI) on the 14-day chart is 75.15, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.13%. Stochastics %K at 88.37% indicates the stock is a selling.
How much short interest is there in ChampionX Corp.?
A steep rise in short interest was recorded in ChampionX Corp. stocks on Mar 15, 2024, growing by 100000.0 shares to a total of 8.72 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.62 million shares. There was a rise of 1.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.66.
The most recent change occurred on August 25, 2022 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.
