Mammoth Energy Services Inc’s filing revealed that its Director Amron Arthur H acquired Company’s shares for reported $11157.0 on Mar 12 ’24. In the deal valued at $3.72 per share,3,000 shares were bought. As a result of this transaction, Amron Arthur H now holds 13,279 shares worth roughly $49796.25.
Then, Straehla Arty sold 40,000 shares, generating $174,160 in total proceeds. Upon selling the shares at $4.35, the Chief Executive Officer now owns 1,012,107 shares.
Before that, Straehla Arty sold 30,000 shares. Mammoth Energy Services Inc shares valued at $131,280 were divested by the Chief Executive Officer at a price of $4.38 per share. As a result of the transaction, Straehla Arty now holds 1,052,107 shares, worth roughly $3.95 million.
Barclays downgraded its Mammoth Energy Services Inc [TUSK] rating to an Equal weight from a an Overweight in a research note published on September 30, 2019; the price target was decreased to $3.50 from $6.50. A number of analysts have revised their coverage, including Johnson Rice’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Hold”. Imperial Capital also remained covering TUSK and reiterated its “an Outperform” recommendation on August 05, 2019. Stephens revised its rating on June 07, 2019. It rated TUSK as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of TUSK
On Tuesday, Mammoth Energy Services Inc [NASDAQ:TUSK] saw its stock jump 3.31% to $3.75. Over the last five days, the stock has gained 7.14%. Mammoth Energy Services Inc shares have fallen nearly -15.92% since the year began. Nevertheless, the stocks have fallen -11.35% over the past one year. While a 52-week high of $5.75 was reached on 01/05/24, a 52-week low of $3.20 was recorded on 02/05/24. SMA at 50 days reached $3.65, while 200 days put it at $4.35. A total of 0.24 million shares were traded, compared to the trading of 88200.0 shares in the previous session.
Levels Of Support And Resistance For TUSK Stock
The 24-hour chart illustrates a support level at 3.65, which if violated will result in even more drops to 3.56. On the upside, there is a resistance level at 3.85. A further resistance level may holdings at 3.96. The Relative Strength Index (RSI) on the 14-day chart is 54.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.62%. Stochastics %K at 44.65% indicates the stock is a holding.
How much short interest is there in Mammoth Energy Services Inc?
A steep rise in short interest was recorded in Mammoth Energy Services Inc stocks on Mar 15, 2024, dropping by 49430.0 shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.49 million shares. There was a decline of -11.21%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.88% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.62.
The most recent change occurred on May 03, 2019 when Imperial Capital resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $18.
