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The Potential Rise in the Price of Par Pacific Holdings Inc (PARR) following insiders activity

Par Pacific Holdings Inc’s recent filing unveils that its Chief Accounting Officer Guerra Ivan Daniel unloaded Company’s shares for reported $0.22 million on Mar 13 ’24. In the deal valued at $37.49 per share,6,000 shares were sold. As a result of this transaction, Guerra Ivan Daniel now holds 16,200 shares worth roughly $0.47 million.

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Then, Hollis Jeffrey Ryan sold 4,700 shares, generating $175,733 in total proceeds. Upon selling the shares at $37.39, the insider now owns 13,176 shares.

Before that, PATE WILLIAM sold 75,000 shares. Par Pacific Holdings Inc shares valued at $2,604,750 were divested by the Chief Executive Officer at a price of $34.73 per share. As a result of the transaction, PATE WILLIAM now holds 483,019 shares, worth roughly $14.15 million.

TD Cowen reiterated its Par Pacific Holdings Inc [PARR] rating to a Buy in a research note published on May 08, 2024; the price target was $42. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”an Outperform”‘ rating for it. UBS began covering PARR with “Neutral” recommendation on March 09, 2023. Piper Sandler revised its rating on January 20, 2023. It rated PARR as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of PARR

On Friday, Par Pacific Holdings Inc [NYSE:PARR] saw its stock fall -1.11% to $29.29. Over the last five days, the stock has lost -5.03%. Par Pacific Holdings Inc shares have fallen nearly -19.47% since the year began. Nevertheless, the stocks have risen 36.74% over the past one year. While a 52-week high of $40.69 was reached on 02/27/24, a 52-week low of $20.53 was recorded on 05/07/24. SMA at 50 days reached $34.73, while 200 days put it at $34.78. A total of 0.91 million shares were traded, compared to the trading of 0.95 million shares in the previous session.

Levels Of Support And Resistance For PARR Stock

The 24-hour chart illustrates a support level at 28.85, which if violated will result in even more drops to 28.42. On the upside, there is a resistance level at 29.71. A further resistance level may holdings at 30.14. The Relative Strength Index (RSI) on the 14-day chart is 29.69, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.75%. Stochastics %K at 23.99% indicates the stock is a holding.

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