Riley Exploration Permian Inc.’s recently made public that its 10% Owner Libin Alvin Gerald acquired Company’s shares for reported $2.02 million on Apr 04 ’24. In the deal valued at $27.00 per share,75,000 shares were bought. As a result of this transaction, Libin Alvin Gerald now holds 2,194,921 shares worth roughly $64.09 million.
Then, Riley Bobby sold 15,000 shares, generating $423,225 in total proceeds. Upon selling the shares at $28.21, the CEO & President now owns 364,198 shares.
Before that, LAWRENCE BRYAN H sold 13,870 shares. Riley Exploration Permian Inc. shares valued at $304,097 were divested by the Director at a price of $21.92 per share. As a result of the transaction, LAWRENCE BRYAN H now holds 2,165,219 shares, worth roughly $63.22 million.
Truist initiated its Riley Exploration Permian Inc. [REPX] rating to a Buy in a research note published on June 01, 2021; the price target was $45. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating.
Price Performance Review of REPX
On Tuesday, Riley Exploration Permian Inc. [AMEX:REPX] saw its stock fall -1.35% to $29.20. Over the last five days, the stock has lost -13.81%. Riley Exploration Permian Inc. shares have risen nearly 7.20% since the year began. Nevertheless, the stocks have fallen -32.61% over the past one year. While a 52-week high of $47.79 was reached on 04/02/24, a 52-week low of $21.27 was recorded on 02/05/24. SMA at 50 days reached $26.27, while 200 days put it at $29.36. A total of 0.25 million shares were traded, compared to the trading of 1.58 million shares in the previous session.
Levels Of Support And Resistance For REPX Stock
The 24-hour chart illustrates a support level at 28.81, which if violated will result in even more drops to 28.41. On the upside, there is a resistance level at 29.91. A further resistance level may holdings at 30.62. The Relative Strength Index (RSI) on the 14-day chart is 49.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.70%. Stochastics %K at 23.28% indicates the stock is a holding.
How much short interest is there in Riley Exploration Permian Inc.?
A steep rise in short interest was recorded in Riley Exploration Permian Inc. stocks on Mar 15, 2024, dropping by 8740.0 shares to a total of 0.15 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.16 million shares. There was a decline of -5.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.78.
