Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Green Plains Inc shares valued at $521,157 were sold by Treuer Alain on Feb 20 ’24. At $22.66 per share, Treuer Alain sold 22,999 shares. The insider’s holdings dropped to 230,000 shares worth approximately $5.32 million following the completion of this transaction.
Also, Knudsen Ejnar A III purchased 4,000 shares, netting a total of over 98,920 in proceeds. Following the buying of shares at $24.73 each, the insider now holds 40,913 shares.
Before that, Becker Todd A had added 960 shares to its account. In a trade valued at $23,693, the President and CEO bought Green Plains Inc shares for $24.68 each. Upon closing the transaction, the insider’s holdings increased to 960 shares, worth approximately $16.09 million.
As of January 17, 2023, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for GPRE. Earlier on December 14, 2022, UBS initiated its rating. Their recommendation was “a Buy” for GPRE stock.
Analyzing GPRE Stock Performance
During the last five days, there has been a surge of approximately 0.13%. Over the course of the year, Green Plains Inc shares have dropped approximately -8.37%. Shares of the company reached a 52-week high of $25.66 on 01/02/24 and a 52-week low of $19.44 on 02/05/24. A 50-day SMA is recorded $21.98, while a 200-day SMA reached $27.03. Nevertheless, trading volume fell to 1.01 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Green Plains Inc (GPRE)
According to the 24-hour chart, there is a support level at 22.39, which, if violated, would cause prices to drop to 21.68. In the upper region, resistance lies at 23.66. The next price resistance is at 24.22. RSI (Relative Strength Index) is 58.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 34.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Green Plains Inc subject to short interest?
Stocks of Green Plains Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.32 million shares to 6.1 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 5.78 million shares. A jump of 5.25% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.54 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.54.
