Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oneok Inc. shares valued at $203,175 were purchased by Smith Wayne Thomas on Mar 01 ’24. At $75.25 per share, Smith Wayne Thomas acquired 2,700 shares. The insider’s holdings grew to 2,700 shares worth approximately $0.21 million following the completion of this transaction.
Also, RODRIGUEZ EDUARDO A sold 800 shares, netting a total of over 56,230 in proceeds. Following the sale of shares at $70.29 each, the insider now holds 25,154 shares.
Before that, NORTON PIERCE had added 24,607 shares to its account. In a trade valued at $1,500,018, the President & CEO bought Oneok Inc. shares for $60.96 each. Upon closing the transaction, the insider’s holdings increased to 24,607 shares, worth approximately $3.32 million.
As published in a research note from Seaport Research Partners on February 08, 2024, Oneok Inc. [OKE] has been rated up from a Neutral to a Buy and the price target has been revised to $76. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early January. As of December 04, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for OKE. Earlier on November 02, 2023, Truist downgraded its rating. Their new recommendation was “a Hold” for OKE stock which previously was a “a Buy”.
Analyzing OKE Stock Performance
During the last five days, there has been a drop of approximately -1.36%. Over the course of the year, Oneok Inc. shares have jumped approximately 12.59%. Shares of the company reached a 52-week high of $80.81 on 04/04/24 and a 52-week low of $67.05 on 02/05/24. A 50-day SMA is recorded $75.09, while a 200-day SMA reached $68.64. Nevertheless, trading volume fell to 3.34 million shares from 2.68 million shares the previous day.
Support And Resistance Levels for Oneok Inc. (OKE)
According to the 24-hour chart, there is a support level at 78.57, which, if violated, would cause prices to drop to 78.09. In the upper region, resistance lies at 79.52. The next price resistance is at 79.99. RSI (Relative Strength Index) is 57.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 77.43%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Oneok Inc. subject to short interest?
Stocks of Oneok Inc. saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.37 million shares to 11.83 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 11.46 million shares. A jump of 3.13% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.42 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.42.
