Sable Offshore Corp.’s recent filing unveils that its Director Sarofim Christopher Binyon acquired Company’s shares for reported $60.0 million on Feb 14 ’24. In the deal valued at $10.00 per share,6,000,000 shares were bought. As a result of this transaction, Sarofim Christopher Binyon now holds 3,000,000 shares worth roughly $39.42 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, FLORES JAMES C bought 2,500,000 shares, generating $25,000,000 in total proceeds. Upon buying the shares at $10.00, the Chairman & CEO now owns 2,525,000 shares.
Before that, FLORES JAMES C bought 700,000 shares. Sable Offshore Corp. shares valued at $7,000,000 were divested by the Chairman & CEO at a price of $10.00 per share. As a result of the transaction, FLORES JAMES C now holds 7,963,750 shares, worth roughly $104.64 million.
TD Cowen initiated its Sable Offshore Corp. [SOC] rating to an Outperform in a research note published on February 26, 2024; the price target was $20.
Price Performance Review of SOC
On Tuesday, Sable Offshore Corp. [NYSE:SOC] saw its stock fall -3.45% to $13.14. Over the last five days, the stock has gained 12.31%. Sable Offshore Corp. shares have risen nearly 15.36% since the year began. Nevertheless, the stocks have risen 29.46% over the past one year. While a 52-week high of $14.22 was reached on 05/17/24, a 52-week low of $10.11 was recorded on 04/18/24. SMA at 50 days reached $11.18, while 200 days put it at $11.03. A total of 0.3 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For SOC Stock
The 24-hour chart illustrates a support level at 12.92, which if violated will result in even more drops to 12.70. On the upside, there is a resistance level at 13.52. A further resistance level may holdings at 13.90. The Relative Strength Index (RSI) on the 14-day chart is 67.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.27%. Stochastics %K at 81.52% indicates the stock is a selling.
