In a filing, Cactus Inc revealed its Chairman and CEO Bender Scott unloaded Company’s shares for reported $18.32 million on May 09 ’24. In the deal valued at $51.10 per share,358,458 shares were sold. As a result of this transaction, Bender Scott now holds 41,776 shares worth roughly $2.2 million.
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Then, Bender Joel sold 358,458 shares, generating $18,316,487 in total proceeds. Upon selling the shares at $51.10, the President now owns 156,586 shares.
Before that, MARSH WILLIAM D sold 2,059 shares. Cactus Inc shares valued at $105,071 were divested by the GC, EVP and Secretary at a price of $51.03 per share. As a result of the transaction, MARSH WILLIAM D now holds 1,852 shares, worth roughly $97674.48000000001.
Johnson Rice downgraded its Cactus Inc [WHD] rating to a Accumulate from a a Buy in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. Barclays also remained covering WHD and has increased its forecast on October 17, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on October 16, 2023. It rated WHD as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of WHD
On Friday, Cactus Inc [NYSE:WHD] saw its stock jump 1.40% to $52.74. Over the last five days, the stock has gained 5.40%. Cactus Inc shares have risen nearly 16.17% since the year began. Nevertheless, the stocks have risen 28.98% over the past one year. While a 52-week high of $57.00 was reached on 06/12/24, a 52-week low of $37.58 was recorded on 01/18/24. SMA at 50 days reached $50.93, while 200 days put it at $47.14. A total of 0.89 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For WHD Stock
The 24-hour chart illustrates a support level at 52.33, which if violated will result in even more drops to 51.92. On the upside, there is a resistance level at 53.12. A further resistance level may holdings at 53.50. The Relative Strength Index (RSI) on the 14-day chart is 56.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.61%. Stochastics%K at 62.90% indicates the stock is a holding.
The most recent change occurred on September 13, 2023 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $60 price target.
