In a filing, Gulfport Energy Corp. revealed its Director Martinez Jason Joseph unloaded Company’s shares for reported $0.12 million on May 06 ’24. In the deal valued at $153.77 per share,800 shares were sold. As a result of this transaction, Martinez Jason Joseph now holds 6,472 shares worth roughly $1.02 million.
Then, Willrath Matthew sold 567 shares, generating $87,273 in total proceeds. Upon selling the shares at $153.92, the VP & CAO now owns 4,103 shares.
Before that, Silver Point Capital L.P. sold 500,000 shares. Gulfport Energy Corp. shares valued at $77,145,000 were divested by the Director at a price of $154.29 per share. As a result of the transaction, Silver Point Capital L.P. now holds 5,197,848 shares, worth roughly $819.34 million.
KeyBanc Capital Markets downgraded its Gulfport Energy Corp. [GPOR] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Tudor Pickering Holt & Co.’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. BofA Securities also remained covering GPOR and has decreased its forecast on January 05, 2024 with a “Neutral” recommendation from previously “Buy” rating. Mizuho revised its rating on January 03, 2024. It rated GPOR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GPOR
On Tuesday, Gulfport Energy Corp. [NYSE:GPOR] saw its stock jump 0.78% to $157.63. Over the last five days, the stock has lost -0.68%. Gulfport Energy Corp. shares have risen nearly 18.34% since the year began. Nevertheless, the stocks have risen 74.12% over the past one year. While a 52-week high of $165.19 was reached on 04/30/24, a 52-week low of $90.40 was recorded on 01/08/24. SMA at 50 days reached $154.23, while 200 days put it at $131.20. A total of 0.2 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For GPOR Stock
The 24-hour chart illustrates a support level at 155.39, which if violated will result in even more drops to 153.14. On the upside, there is a resistance level at 159.29. A further resistance level may holdings at 160.95. The Relative Strength Index (RSI) on the 14-day chart is 53.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.70%. Stochastics %K at 41.65% indicates the stock is a holding.
The most recent change occurred on December 19, 2023 when Siebert Williams Shank began covering the stock and recommended ‘”a Buy”‘ rating along with a $200 price target.
