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Recent Insider Activity Suggests Potential Gains for U.S. Silica Holdings Inc (SLCA)

CHWY Stock

U.S. Silica Holdings Inc’s recent filing unveils that its EVP & President, Oil and Gas USSERY JAMES DEREK unloaded Company’s shares for reported $0.65 million on Apr 03 ’24. In the deal valued at $14.00 per share,46,433 shares were sold. As a result of this transaction, USSERY JAMES DEREK now holds 174,772 shares worth roughly $2.25 million.

Then, Russell Stacy sold 20,000 shares, generating $240,000 in total proceeds. Upon selling the shares at $12.00, the EVP General Counsel now owns 186,752 shares.

Before that, Shinn Bryan Adair sold 41,501 shares. U.S. Silica Holdings Inc shares valued at $583,338 were divested by the CEO at a price of $14.06 per share. As a result of the transaction, Shinn Bryan Adair now holds 1,419,183 shares, worth roughly $18.31 million.

Barclays upgraded its U.S. Silica Holdings Inc [SLCA] rating to an Equal weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid July from “an Underweight” to “an Equal-weight”. Evercore ISI also remained covering SLCA and has increased its forecast on June 14, 2022 with a “an Outperform” recommendation from previously “an In-line” rating. Evercore ISI revised its rating on May 02, 2022. It rated SLCA as “an In-line” which previously was an “an Outperform”.

Price Performance Review of SLCA

On Friday, U.S. Silica Holdings Inc [NYSE:SLCA] saw its stock fall -3.23% to $12.90. Over the last five days, the stock has lost -2.12%. U.S. Silica Holdings Inc shares have risen nearly 14.06% since the year began. Nevertheless, the stocks have risen 3.78% over the past one year. While a 52-week high of $14.64 was reached on 04/03/24, a 52-week low of $10.09 was recorded on 02/06/24. SMA at 50 days reached $11.77, while 200 days put it at $12.10. A total of 0.65 million shares were traded, compared to the trading of 0.56 million shares in the previous session.

Levels Of Support And Resistance For SLCA Stock

The 24-hour chart illustrates a support level at 12.63, which if violated will result in even more drops to 12.35. On the upside, there is a resistance level at 13.38. A further resistance level may holdings at 13.85. The Relative Strength Index (RSI) on the 14-day chart is 55.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.43%. Stochastics %K at 57.75% indicates the stock is a holding.

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