Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KLX Energy Services Holdings Inc shares valued at $37,760 were sold by Baker Christopher J. on Dec 01 ’23. At $9.44 per share, Baker Christopher J. sold 4,000 shares. The insider’s holdings dropped to 131,041 shares worth approximately $0.79 million following the completion of this transaction.
Also, Lehner Keefer McGovern sold 13,343 shares, netting a total of over 137,166 in proceeds. Following the sale of shares at $10.28 each, the insider now holds 44,578 shares.
Before that, Baker Christopher J. had sold 4,500 shares from its account. In a trade valued at $45,630, the insider traded KLX Energy Services Holdings Inc shares for $10.14 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $0.82 million.
As published in a research note from Gabelli & Co on March 16, 2020, KLX Energy Services Holdings Inc [KLXE] has been rated down from a Buy to a Hold. Analysts at Piper Jaffray downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of April 03, 2019, Jefferies has initiated its “Buy” rating for KLXE. Earlier on December 19, 2018, Piper Jaffray initiated its rating. Their recommendation was “an Overweight” for KLXE stock.
Analyzing KLXE Stock Performance
During the last five days, there has been a drop of approximately -3.66%. Over the course of the year, KLX Energy Services Holdings Inc shares have dropped approximately -46.18%. Shares of the company reached a 52-week high of $11.62 on 01/02/24 and a 52-week low of $5.30 on 05/08/24. A 50-day SMA is recorded $7.34, while a 200-day SMA reached $9.62. Nevertheless, trading volume fell to 0.62 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for KLX Energy Services Holdings Inc (KLXE)
According to the 24-hour chart, there is a support level at 5.36, which, if violated, would cause prices to drop to 4.67. In the upper region, resistance lies at 6.69. The next price resistance is at 7.32. RSI (Relative Strength Index) is 32.64 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 66.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
