Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. U.S. Silica Holdings Inc shares valued at $662,508 were sold by Carusona Zach on Apr 26 ’24. At $15.55 per share, Carusona Zach sold 42,605 shares. The insider’s holdings dropped to 160,929 shares worth approximately $2.49 million following the completion of this transaction.
Also, USSERY JAMES DEREK sold 46,433 shares, netting a total of over 650,062 in proceeds. Following the sale of shares at $14.00 each, the insider now holds 174,772 shares.
Before that, Russell Stacy had sold 20,000 shares from its account. In a trade valued at $240,000, the EVP General Counsel traded U.S. Silica Holdings Inc shares for $12.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $2.89 million.
As published in a research note from Barclays on April 03, 2023, U.S. Silica Holdings Inc [SLCA] has been rated up from an Underweight to an Equal weight and the price target has been revised to $17. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid July. As of June 14, 2022, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for SLCA. Earlier on May 02, 2022, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for SLCA stock which previously was a “an Outperform”.
Analyzing SLCA Stock Performance
During the last five days, there has been a surge of approximately 20.31%. Over the course of the year, U.S. Silica Holdings Inc shares have jumped approximately 36.69%. Shares of the company reached a 52-week high of $16.03 on 04/26/24 and a 52-week low of $10.09 on 02/06/24. A 50-day SMA is recorded $12.60, while a 200-day SMA reached $12.17. Nevertheless, trading volume fell to 1.69 million shares from 5.13 million shares the previous day.
Support And Resistance Levels for U.S. Silica Holdings Inc (SLCA)
According to the 24-hour chart, there is a support level at 15.40, which, if violated, would cause prices to drop to 15.33. In the upper region, resistance lies at 15.57. The next price resistance is at 15.67. RSI (Relative Strength Index) is 72.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.87, which suggests the price will increase in the coming days. Percent R is at 15.97%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
