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SBOW Stock Sees Surge of Approximately 3.51% in Last Five Days

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SilverBow Resources Inc shares valued at $77,700,000 were sold by Kimmeridge Energy Management C on Jun 18 ’24. At $37.00 per share, Kimmeridge Energy Management C sold 2,100,000 shares. The insider’s holdings dropped to 1,181,356 shares worth approximately $45.32 million following the completion of this transaction.

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Also, Strategic Value Partners, LLC sold 2,530,000 shares, netting a total of over 68,057,000 in proceeds. Following the sale of shares at $26.90 each, the insider now holds 393,351 shares.

Before that, DeSanctis Ellen had added 2,500 shares to its account. In a trade valued at $79,025, the Director bought SilverBow Resources Inc shares for $31.61 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $95900.0.

As published in their initiating research note from ROTH MKM on February 12, 2024, SilverBow Resources Inc [SBOW] has been a Buy and the price target has been revised to $41. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of January 11, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for SBOW. Earlier on December 20, 2023, Citigroup initiated its rating. Their recommendation was “a Neutral” for SBOW stock.

Analyzing SBOW Stock Performance

During the last five days, there has been a surge of approximately 3.51%. Over the course of the year, SilverBow Resources Inc shares have jumped approximately 31.91%. Shares of the company reached a 52-week high of $39.51 on 05/28/24 and a 52-week low of $25.19 on 01/18/24. A 50-day SMA is recorded $36.03, while a 200-day SMA reached $32.34. Nevertheless, trading volume fell to 0.23 million shares from 0.22 million shares the previous day.

Support And Resistance Levels for SilverBow Resources Inc (SBOW)

According to the 24-hour chart, there is a support level at 38.21, which, if violated, would cause prices to drop to 37.67. In the upper region, resistance lies at 39.12. The next price resistance is at 39.49. RSI (Relative Strength Index) is 58.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 11.00%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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