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Riley Exploration Permian Inc. [REPX] Records 50-Day SMA of $26.97

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. Riley Exploration Permian Inc. shares valued at $66,530 were sold by Riley Corey Neil on Jun 14 ’24. At $26.61 per share, Riley Corey Neil sold 2,500 shares. The insider’s holdings dropped to 146,837 shares worth approximately $4.21 million following the completion of this transaction.

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Also, Riley Bobby sold 10,020 shares, netting a total of over 266,261 in proceeds. Following the sale of shares at $26.57 each, the insider now holds 381,658 shares.

Before that, LAWRENCE BRYAN H had sold 700,000 shares from its account. In a trade valued at $17,860,500, the Director traded Riley Exploration Permian Inc. shares for $25.52 each. Upon closing the transaction, the insider’s holdings decreased to 700,000 shares, worth approximately $16.5 million.

As published in their initiating research note from Truist on June 01, 2021, Riley Exploration Permian Inc. [REPX] has been a Buy and the price target has been revised to $45. Analysts at ROTH Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in early April.

Analyzing REPX Stock Performance

During the last five days, there has been a surge of approximately 4.33%. Over the course of the year, Riley Exploration Permian Inc. shares have jumped approximately 5.29%. Shares of the company reached a 52-week high of $34.90 on 04/02/24 and a 52-week low of $21.27 on 02/05/24. A 50-day SMA is recorded $26.97, while a 200-day SMA reached $27.17. Nevertheless, trading volume fell to 82296.0 shares from 97900.0 shares the previous day.

Support And Resistance Levels for Riley Exploration Permian Inc. (REPX)

According to the 24-hour chart, there is a support level at 28.37, which, if violated, would cause prices to drop to 28.05. In the upper region, resistance lies at 28.90. The next price resistance is at 29.12. RSI (Relative Strength Index) is 58.75 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 5.18%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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