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USA Compression Partners LP [USAC] Records 200-Day SMA of $24.75

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. USA Compression Partners LP shares valued at $63,856,809 were sold by EIG VETERAN EQUITY AGGREGATOR, on Jun 14 ’24. At $23.00 per share, EIG VETERAN EQUITY AGGREGATOR, sold 2,776,383 shares. The insider’s holdings dropped to 2,754,315 shares worth approximately $66.43 million following the completion of this transaction.

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Also, EIG VETERAN EQUITY AGGREGATOR, sold 252 shares, netting a total of over 6,056 in proceeds. Following the sale of shares at $24.03 each, the insider now holds 5,530,698 shares.

Before that, EIG VETERAN EQUITY AGGREGATOR, had sold 11,175 shares from its account. In a trade valued at $268,697, the 10% Owner traded USA Compression Partners LP shares for $24.04 each. Upon closing the transaction, the insider’s holdings decreased to 11,175 shares, worth approximately $133.41 million.

As published in a research note from Mizuho on May 30, 2024, USA Compression Partners LP [USAC] has been rated up from an Underperform to a Neutral and the price target has been revised to $26 from $23. Analysts at Mizuho downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late September. As of July 27, 2022, Mizuho has initiated its “Neutral” rating for USAC. Earlier on March 14, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for USAC stock which previously was a “a Neutral”.

Analyzing USAC Stock Performance

During the last five days, there has been a surge of approximately 1.39%. Over the course of the year, USA Compression Partners LP shares have jumped approximately 5.65%. Shares of the company reached a 52-week high of $28.47 on 04/04/24 and a 52-week low of $22.53 on 02/14/24. A 50-day SMA is recorded $24.47, while a 200-day SMA reached $24.75. Nevertheless, trading volume fell to 0.79 million shares from 0.68 million shares the previous day.

Support And Resistance Levels for USA Compression Partners LP (USAC)

According to the 24-hour chart, there is a support level at 23.95, which, if violated, would cause prices to drop to 23.79. In the upper region, resistance lies at 24.29. The next price resistance is at 24.47. RSI (Relative Strength Index) is 50.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 34.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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