Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. VAALCO Energy, Inc. shares valued at $1,411 were purchased by LaFehr Edward David on Sep 22 ’23. At $4.25 per share, LaFehr Edward David acquired 332 shares. The insider’s holdings grew to 47,010 shares worth approximately $0.3 million following the completion of this transaction.
Also, Maxwell George W.M. purchased 5,000 shares, netting a total of over 20,550 in proceeds. Following the buying of shares at $4.11 each, the insider now holds 247,289 shares.
Before that, FAWTHROP ANDREW LAWRENCE had added 4,000 shares to its account. In a trade valued at $16,432, the Director bought VAALCO Energy, Inc. shares for $4.11 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $2.63 million.
As published in their initiating research note from Stifel on March 01, 2023, VAALCO Energy, Inc. [EGY] has been a Buy. Analysts at ROTH Capital upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of April 12, 2021, ROTH Capital has decreased its “Buy” rating to a “Neutral” for EGY. Earlier on March 24, 2021, ROTH Capital initiated its rating. Their recommendation was “a Buy” for EGY stock.
Analyzing EGY Stock Performance
During the last five days, there has been a drop of approximately -4.16%. Over the course of the year, VAALCO Energy, Inc. shares have jumped approximately 43.65%. Shares of the company reached a 52-week high of $7.51 on 04/04/24 and a 52-week low of $4.03 on 02/05/24. A 50-day SMA is recorded $5.70, while a 200-day SMA reached $4.72. Nevertheless, trading volume fell to 0.99 million shares from 1.07 million shares the previous day.
Support And Resistance Levels for VAALCO Energy, Inc. (EGY)
According to the 24-hour chart, there is a support level at 6.35, which, if violated, would cause prices to drop to 6.25. In the upper region, resistance lies at 6.54. The next price resistance is at 6.64. RSI (Relative Strength Index) is 48.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 89.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
