Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ProPetro Holding Corp shares valued at $395,077 were sold by Munoz Adam on May 03 ’24. At $9.28 per share, Munoz Adam sold 42,573 shares. The insider’s holdings dropped to 58,134 shares worth approximately $0.55 million following the completion of this transaction.
Also, Vion Michele sold 14,426 shares, netting a total of over 151,184 in proceeds. Following the sale of shares at $10.48 each, the insider now holds 25,668 shares.
Before that, GOBE PHILLIP A had sold 20,000 shares from its account. In a trade valued at $220,000, the Director traded ProPetro Holding Corp shares for $11.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.6 million.
As published in a research note from The Benchmark Company on January 16, 2024, ProPetro Holding Corp [PUMP] has been rated down from a Buy to a Hold. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of January 19, 2023, The Benchmark Company has initiated its “Hold” rating for PUMP. Earlier on January 17, 2023, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for PUMP stock which previously was a “a Buy”.
Analyzing PUMP Stock Performance
During the last five days, there has been a surge of approximately 6.05%. Over the course of the year, ProPetro Holding Corp shares have jumped approximately 13.01%. Shares of the company reached a 52-week high of $9.79 on 05/06/24 and a 52-week low of $6.99 on 03/05/24. A 50-day SMA is recorded $8.17, while a 200-day SMA reached $8.99. Nevertheless, trading volume fell to 1.65 million shares from 2.01 million shares the previous day.
Support And Resistance Levels for ProPetro Holding Corp (PUMP)
According to the 24-hour chart, there is a support level at 9.31, which, if violated, would cause prices to drop to 9.14. In the upper region, resistance lies at 9.63. The next price resistance is at 9.78. RSI (Relative Strength Index) is 68.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 21.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
