Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Solaris Oilfield Infrastructure Inc shares valued at $148,750 were sold by Powell Christopher M on Mar 15 ’24. At $8.50 per share, Powell Christopher M sold 17,500 shares. The insider’s holdings dropped to 130,202 shares worth approximately $1.15 million following the completion of this transaction.
Also, THRC Holdings, LP sold 40,000 shares, netting a total of over 324,800 in proceeds. Following the sale of shares at $8.12 each, the insider now holds 3,178,875 shares.
Before that, BURKE JAMES R had sold 11,236 shares from its account. In a trade valued at $116,742, the Director traded Solaris Oilfield Infrastructure Inc shares for $10.39 each. Upon closing the transaction, the insider’s holdings decreased to 11,236 shares, worth approximately $0.11 million.
As published in a research note from Cowen on February 23, 2022, Solaris Oilfield Infrastructure Inc [SOI] has been retained to a Market perform and the price target has been revised to $10. Analysts at Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early April. As of February 23, 2021, Cowen has reiterated its “an Outperform” rating for SOI. Earlier on August 13, 2020, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for SOI stock which previously was a “an Overweight”.
Analyzing SOI Stock Performance
During the last five days, there has been a surge of approximately 4.35%. Over the course of the year, Solaris Oilfield Infrastructure Inc shares have jumped approximately 11.43%. Shares of the company reached a 52-week high of $9.66 on 04/26/24 and a 52-week low of $6.59 on 01/17/24. A 50-day SMA is recorded $8.52, while a 200-day SMA reached $9.02. Nevertheless, trading volume fell to 0.37 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Solaris Oilfield Infrastructure Inc (SOI)
According to the 24-hour chart, there is a support level at 8.76, which, if violated, would cause prices to drop to 8.65. In the upper region, resistance lies at 8.99. The next price resistance is at 9.12. RSI (Relative Strength Index) is 53.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 52.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
