Nine Energy Service Inc’s recent filing unveils that its 10% Owner MONROE WILLIAM acquired Company’s shares for reported $36750.0 on Jun 17 ’24. In the deal valued at $1.47 per share,25,000 shares were bought. As a result of this transaction, MONROE WILLIAM now holds 3,429,638 shares worth roughly $5.83 million.
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Then, MONROE WILLIAM bought 251,999 shares, generating $370,439 in total proceeds. Upon buying the shares at $1.47, the 10% Owner now owns 3,404,638 shares.
Before that, MONROE WILLIAM bought 152,639 shares. Nine Energy Service Inc shares valued at $222,853 were divested by the 10% Owner at a price of $1.46 per share. As a result of the transaction, MONROE WILLIAM now holds 3,152,639 shares, worth roughly $5.36 million.
Citigroup upgraded its Nine Energy Service Inc [NINE] rating to a Neutral from a a Sell in a research note published on December 15, 2020; the price target was increased to $3 from $1. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid May from “an Overweight” to “a Neutral”. Goldman also remained covering NINE and has decreased its forecast on March 27, 2020 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on March 13, 2020. It rated NINE as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of NINE
On Tuesday, Nine Energy Service Inc [NYSE:NINE] saw its stock jump 3.03% to $1.70. Over the last five days, the stock has lost -3.41%. Nine Energy Service Inc shares have fallen nearly -36.57% since the year began. Nevertheless, the stocks have fallen -55.61% over the past one year. While a 52-week high of $5.59 was reached on 04/12/24, a 52-week low of $1.37 was recorded on 06/14/24. SMA at 50 days reached $1.8170, while 200 days put it at $2.5045. A total of 0.49 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For NINE Stock
The 24-hour chart illustrates a support level at 1.6400, which if violated will result in even more drops to 1.5800. On the upside, there is a resistance level at 1.7700. A further resistance level may holdings at 1.8400. The Relative Strength Index (RSI) on the 14-day chart is 51.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0938, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.00%. Stochastics%K at 61.33% indicates the stock is a holding.
