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Insider Sale Alert: Select Water Solutions Inc [WTTR] – Is it Time to sell?

NUE

In a filing, Select Water Solutions Inc revealed its Chief Accounting Officer Szymanski Brian unloaded Company’s shares for reported $67307.0 on Mar 06 ’24. In the deal valued at $8.33 per share,8,080 shares were sold. As a result of this transaction, Szymanski Brian now holds 84,304 shares worth roughly $0.77 million.

Then, Swyka Nick L sold 9,009 shares, generating $77,051 in total proceeds. Upon selling the shares at $8.55, the CFO & Senior VP now owns 272,140 shares.

Before that, George Christopher Kile sold 23,000 shares. Select Water Solutions Inc shares valued at $198,531 were divested by the SVP IR Corp Dev Sustainability at a price of $8.63 per share. As a result of the transaction, George Christopher Kile now holds 255,587 shares, worth roughly $2.34 million.

Northland Capital initiated its Select Water Solutions Inc [WTTR] rating to a Market perform in a research note published on April 22, 2024; the price target was $11.50. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late March with a ‘”a Strong buy”‘ rating. Seaport Global Securities began covering WTTR with “Buy” recommendation on July 15, 2021. JP Morgan revised its rating on October 02, 2020. It rated WTTR as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of WTTR

On Monday, Select Water Solutions Inc [NYSE:WTTR] saw its stock fall -0.22% to $9.14. Over the last five days, the stock has lost -3.89%. Select Water Solutions Inc shares have risen nearly 20.42% since the year began. Nevertheless, the stocks have risen 25.03% over the past one year. While a 52-week high of $9.74 was reached on 04/05/24, a 52-week low of $6.78 was recorded on 01/17/24. SMA at 50 days reached $9.04, while 200 days put it at $8.06. A total of 1.12 million shares were traded, compared to the trading of 1.91 million shares in the previous session.

Levels Of Support And Resistance For WTTR Stock

The 24-hour chart illustrates a support level at 9.06, which if violated will result in even more drops to 8.97. On the upside, there is a resistance level at 9.27. A further resistance level may holdings at 9.39. The Relative Strength Index (RSI) on the 14-day chart is 48.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.75%. Stochastics %K at 48.55% indicates the stock is a holding.

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