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USAC (USA Compression Partners LP) may reap gains as insiders became active recently

USA Compression Partners LP’s recently made public that its Former 10% Owner EIG VETERAN EQUITY AGGREGATOR, unloaded Company’s shares for reported $63.86 million on Jun 14 ’24. In the deal valued at $23.00 per share,2,776,383 shares were sold. As a result of this transaction, EIG VETERAN EQUITY AGGREGATOR, now holds 2,754,315 shares worth roughly $65.19 million.

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Then, EIG VETERAN EQUITY AGGREGATOR, sold 252 shares, generating $6,056 in total proceeds. Upon selling the shares at $24.03, the 10% Owner now owns 5,530,698 shares.

Before that, EIG VETERAN EQUITY AGGREGATOR, sold 11,175 shares. USA Compression Partners LP shares valued at $268,697 were divested by the 10% Owner at a price of $24.04 per share. As a result of the transaction, EIG VETERAN EQUITY AGGREGATOR, now holds 5,530,950 shares, worth roughly $130.92 million.

Mizuho upgraded its USA Compression Partners LP [USAC] rating to a Neutral from a an Underperform in a research note published on May 30, 2024; the price target was increased to $26 from $23. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late September from “a Neutral” to “an Underperform”. Mizuho began covering USAC with “Neutral” recommendation on July 27, 2022. JP Morgan revised its rating on March 14, 2022. It rated USAC as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of USAC

On Tuesday, USA Compression Partners LP [NYSE:USAC] saw its stock jump 0.17% to $23.67. Over the last five days, the stock has gained 0.08%. USA Compression Partners LP shares have risen nearly 3.68% since the year began. Nevertheless, the stocks have risen 18.94% over the past one year. While a 52-week high of $28.47 was reached on 04/04/24, a 52-week low of $19.60 was recorded on 02/14/24. SMA at 50 days reached $24.10, while 200 days put it at $24.86. A total of 1.05 million shares were traded, compared to the trading of 0.19 million shares in the previous session.

Levels Of Support And Resistance For USAC Stock

The 24-hour chart illustrates a support level at 23.33, which if violated will result in even more drops to 23.00. On the upside, there is a resistance level at 23.97. A further resistance level may holdings at 24.28. The Relative Strength Index (RSI) on the 14-day chart is 43.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.66%. Stochastics%K at 35.34% indicates the stock is a holding.

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