Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Comstock Resources, Inc. shares valued at $100,450,000 were purchased by Blue Star Exploration Corp on Mar 25 ’24. At $8.04 per share, Blue Star Exploration Corp acquired 12,500,000 shares. The insider’s holdings grew to 194,821,429 shares worth approximately $1.93 billion following the completion of this transaction.
As published in a research note from Pickering Energy Partners on January 09, 2024, Comstock Resources, Inc. [CRK] has been rated up from an Underperform to a Neutral. Analysts at Mizuho downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of December 19, 2023, Siebert Williams Shank has initiated its “Hold” rating for CRK. Earlier on December 14, 2023, Johnson Rice downgraded its rating. Their new recommendation was “a Hold” for CRK stock which previously was a “a Accumulate”.
Analyzing CRK Stock Performance
During the last five days, there has been a surge of approximately 8.08%. Over the course of the year, Comstock Resources, Inc. shares have jumped approximately 11.86%. Shares of the company reached a 52-week high of $9.96 on 04/10/24 and a 52-week low of $7.07 on 02/14/24. A 50-day SMA is recorded $8.30, while a 200-day SMA reached $10.28. Nevertheless, trading volume fell to 4.84 million shares from 2.41 million shares the previous day.
Support And Resistance Levels for Comstock Resources, Inc. (CRK)
According to the 24-hour chart, there is a support level at 9.55, which, if violated, would cause prices to drop to 9.21. In the upper region, resistance lies at 10.10. The next price resistance is at 10.31. RSI (Relative Strength Index) is 75.50 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 3.09%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Comstock Resources, Inc. subject to short interest?
Stocks of Comstock Resources, Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by 90000.0 shares to 25.34 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 25.43 million shares. A decline of -0.36% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.36 of the overall float, the days-to-cover ratio (short ratio) decline to 5.36.
