Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Par Pacific Holdings Inc shares valued at $224,940 were sold by Guerra Ivan Daniel on Mar 13 ’24. At $37.49 per share, Guerra Ivan Daniel sold 6,000 shares. The insider’s holdings dropped to 16,200 shares worth approximately $0.57 million following the completion of this transaction.
Also, Hollis Jeffrey Ryan sold 4,700 shares, netting a total of over 175,733 in proceeds. Following the sale of shares at $37.39 each, the insider now holds 13,176 shares.
Before that, PATE WILLIAM had sold 75,000 shares from its account. In a trade valued at $2,604,750, the Chief Executive Officer traded Par Pacific Holdings Inc shares for $34.73 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $16.9 million.
As published in a research note from TD Cowen on May 05, 2023, Par Pacific Holdings Inc [PARR] has been retained to an Outperform and the price target has been revised to $28. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of January 20, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for PARR. Earlier on August 18, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for PARR stock which previously was a “a Buy”.
Analyzing PARR Stock Performance
During the last five days, there has been a drop of approximately -10.76%. Over the course of the year, Par Pacific Holdings Inc shares have dropped approximately -3.79%. Shares of the company reached a 52-week high of $40.69 on 02/27/24 and a 52-week low of $32.84 on 01/18/24. A 50-day SMA is recorded $37.68, while a 200-day SMA reached $34.31. Nevertheless, trading volume fell to 1.07 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Par Pacific Holdings Inc (PARR)
According to the 24-hour chart, there is a support level at 34.55, which, if violated, would cause prices to drop to 34.11. In the upper region, resistance lies at 35.59. The next price resistance is at 36.20. RSI (Relative Strength Index) is 39.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.36, which suggests the price will decrease in the coming days. Percent R is at 94.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Par Pacific Holdings Inc subject to short interest?
Stocks of Par Pacific Holdings Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.2 million shares to 2.66 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.46 million shares. A jump of 7.52% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.16 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.16.
