Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Select Water Solutions Inc shares valued at $131,257 were sold by Skarke Michael on May 13 ’24. At $9.78 per share, Skarke Michael sold 13,421 shares. The insider’s holdings dropped to 380,981 shares worth approximately $3.97 million following the completion of this transaction.
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Also, Szymanski Brian sold 8,080 shares, netting a total of over 67,307 in proceeds. Following the sale of shares at $8.33 each, the insider now holds 84,304 shares.
Before that, Swyka Nick L had sold 9,009 shares from its account. In a trade valued at $77,051, the CFO & Senior VP traded Select Water Solutions Inc shares for $8.55 each. Upon closing the transaction, the insider’s holdings decreased to 9,009 shares, worth approximately $2.84 million.
As published in a research note from Citigroup on May 09, 2024, Select Water Solutions Inc [WTTR] has been rated up from a Neutral to a Buy and the price target has been revised to $13. Analysts at Northland Capital started covering the stock with ‘”a Market perform”‘ outlook in a report released in late April. As of March 23, 2023, Raymond James has initiated its “Strong buy” rating for WTTR. Earlier on July 15, 2021, Seaport Global Securities initiated its rating. Their recommendation was “a Buy” for WTTR stock.
Analyzing WTTR Stock Performance
During the last five days, there has been a surge of approximately 5.25%. Over the course of the year, Select Water Solutions Inc shares have jumped approximately 37.29%. Shares of the company reached a 52-week high of $10.78 on 05/21/24 and a 52-week low of $6.99 on 01/17/24. A 50-day SMA is recorded $9.41, while a 200-day SMA reached $8.16. Nevertheless, trading volume fell to 1.83 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for Select Water Solutions Inc (WTTR)
According to the 24-hour chart, there is a support level at 10.27, which, if violated, would cause prices to drop to 10.13. In the upper region, resistance lies at 10.62. The next price resistance is at 10.83. RSI (Relative Strength Index) is 68.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.73, which suggests the price will decrease in the coming days. Percent R is at 21.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
