USA Compression Partners LP’s recent filing unveils that its 10% Owner EIG VETERAN EQUITY AGGREGATOR, unloaded Company’s shares for reported $147.94 million on Apr 04 ’24. In the deal valued at $25.12 per share,5,889,297 shares were sold. As a result of this transaction, EIG VETERAN EQUITY AGGREGATOR, now holds 5,882,528 shares worth roughly $146.71 million.
Then, Kimble Sean T sold 22,918 shares, generating $631,162 in total proceeds. Upon selling the shares at $27.54, the insider now owns 50,000 shares.
Before that, LONG ERIC D sold 5,320 shares. USA Compression Partners LP shares valued at $131,191 were divested by the insider at a price of $24.66 per share. As a result of the transaction, LONG ERIC D now holds 307,026 shares, worth roughly $7.66 million.
Mizuho downgraded its USA Compression Partners LP [USAC] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late July with a ‘”a Neutral”‘ rating. JP Morgan also remained covering USAC and has decreased its forecast on March 14, 2022 with a “an Underweight” recommendation from previously “Neutral” rating. RBC Capital Mkts revised its rating on February 17, 2021. It rated USAC as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of USAC
On Tuesday, USA Compression Partners LP [NYSE:USAC] saw its stock jump 0.56% to $24.94. Over the last five days, the stock has lost -0.24%. USA Compression Partners LP shares have risen nearly 9.24% since the year began. Nevertheless, the stocks have risen 20.54% over the past one year. While a 52-week high of $28.47 was reached on 04/04/24, a 52-week low of $18.48 was recorded on 02/14/24. SMA at 50 days reached $25.92, while 200 days put it at $23.99. A total of 0.2 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For USAC Stock
The 24-hour chart illustrates a support level at 24.66, which if violated will result in even more drops to 24.38. On the upside, there is a resistance level at 25.11. A further resistance level may holdings at 25.28. The Relative Strength Index (RSI) on the 14-day chart is 36.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.14%. Stochastics %K at 8.33% indicates the stock is a buying.
