HighPeak Energy Inc’s filing revealed that its Chief Executive Officer HIGHTOWER JACK acquired Company’s shares for reported $1.0 million on Aug 28 ’24. In the deal valued at $15.41 per share,64,744 shares were bought. As a result of this transaction, HIGHTOWER JACK now holds 4,787,607 shares worth roughly $76.98 million.
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Then, HIGHTOWER JACK bought 50,000 shares, generating $774,875 in total proceeds. Upon buying the shares at $15.50, the Chief Executive Officer now owns 4,722,863 shares.
Before that, HIGHTOWER JACK bought 17,743 shares. HighPeak Energy Inc shares valued at $274,972 were divested by the Chief Executive Officer at a price of $15.50 per share. As a result of the transaction, HIGHTOWER JACK now holds 4,805,350 shares, worth roughly $77.27 million.
Truist upgraded its HighPeak Energy Inc [HPK] rating to a Hold from a a Sell in a research note published on May 23, 2024; the price target was increased to $13 from $10. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late April with a ‘”a Sell”‘ rating. ROTH Capital began covering HPK with “Buy” recommendation on November 09, 2021. Seaport Global Securities started covering the stock on July 22, 2021. It rated HPK as “a Buy”.
Price Performance Review of HPK
On Friday, HighPeak Energy Inc [NASDAQ:HPK] saw its stock fall -0.62% to $16.08. Over the last five days, the stock has gained 3.94%. HighPeak Energy Inc shares have risen nearly 12.92% since the year began. Nevertheless, the stocks have risen 9.69% over the past one year. While a 52-week high of $18.42 was reached on 07/18/24, a 52-week low of $12.20 was recorded on 02/02/24. SMA at 50 days reached $15.40, while 200 days put it at $15.00.
Levels Of Support And Resistance For HPK Stock
The 24-hour chart illustrates a support level at 15.82, which if violated will result in even more drops to 15.56. On the upside, there is a resistance level at 16.42. A further resistance level may holdings at 16.76. The Relative Strength Index (RSI) on the 14-day chart is 59.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.75%. Stochastics %K at 80.54% indicates the stock is a selling.
How much short interest is there in HighPeak Energy Inc?
A steep rise in short interest was recorded in HighPeak Energy Inc stocks on 2024-08-15, growing by 0.29 million shares to a total of 4.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.26 million shares. There was a rise of 6.33%, which implies that there is a positive sentiment for the stock.
