Riley Exploration Permian Inc.’s filing revealed that its Director LAWRENCE BRYAN H unloaded Company’s shares for reported $17.86 million on Apr 08 ’24. In the deal valued at $25.52 per share,700,000 shares were sold. As a result of this transaction, LAWRENCE BRYAN H now holds 575,254 shares worth roughly $16.46 million.
Then, Bluescape Riley Exploration Ho sold 700,000 shares, generating $17,860,500 in total proceeds. Upon selling the shares at $25.52, the 10% Owner now owns 4,521,767 shares.
Before that, Riley Exploration Group, LLC sold 200,000 shares. Riley Exploration Permian Inc. shares valued at $5,103,000 were divested by the 10% Owner at a price of $25.52 per share. As a result of the transaction, Riley Exploration Group, LLC now holds 1,965,219 shares, worth roughly $56.24 million.
Truist initiated its Riley Exploration Permian Inc. [REPX] rating to a Buy in a research note published on June 01, 2021; the price target was $45. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating.
Price Performance Review of REPX
On Tuesday, Riley Exploration Permian Inc. [AMEX:REPX] saw its stock fall -0.17% to $28.62. Over the last five days, the stock has lost -1.99%. Riley Exploration Permian Inc. shares have risen nearly 5.07% since the year began. Nevertheless, the stocks have fallen -38.11% over the past one year. While a 52-week high of $46.98 was reached on 04/02/24, a 52-week low of $21.27 was recorded on 02/05/24. SMA at 50 days reached $26.98, while 200 days put it at $29.21. A total of 0.22 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For REPX Stock
The 24-hour chart illustrates a support level at 28.21, which if violated will result in even more drops to 27.80. On the upside, there is a resistance level at 28.92. A further resistance level may holdings at 29.22. The Relative Strength Index (RSI) on the 14-day chart is 47.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.40%. Stochastics %K at 19.88% indicates the stock is a buying.
