Riley Exploration Permian Inc.’s recent filing unveils that its CEO Riley Bobby unloaded Company’s shares for reported $0.55 million on Aug 16 ’24. In the deal valued at $28.01 per share,19,499 shares were sold. As a result of this transaction, Riley Bobby now holds 347,159 shares worth roughly $9.89 million.
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Then, Riley Bobby sold 5,501 shares, generating $154,028 in total proceeds. Upon selling the shares at $28.00, the CEO now owns 341,658 shares.
Before that, Riley Bobby bought 25,000 shares. Riley Exploration Permian Inc. shares valued at $718,125 were divested by the Officer at a price of $28.73 per share.
Truist initiated its Riley Exploration Permian Inc. [REPX] rating to a Buy in a research note published on June 01, 2021; the price target was $45. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating.
Price Performance Review of REPX
On Friday, Riley Exploration Permian Inc. [AMEX:REPX] saw its stock fall -2.36% to $28.50. Over the last five days, the stock has gained 1.35%. Riley Exploration Permian Inc. shares have risen nearly 4.63% since the year began. Nevertheless, the stocks have fallen -12.01% over the past one year. While a 52-week high of $34.90 was reached on 04/02/24, a 52-week low of $21.27 was recorded on 02/05/24. SMA at 50 days reached $27.98, while 200 days put it at $26.71.
Levels Of Support And Resistance For REPX Stock
The 24-hour chart illustrates a support level at 28.15, which if violated will result in even more drops to 27.81. On the upside, there is a resistance level at 28.99. A further resistance level may holdings at 29.48. The Relative Strength Index (RSI) on the 14-day chart is 54.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.31%. Stochastics %K at 87.09% indicates the stock is a selling.
How much short interest is there in Riley Exploration Permian Inc.?
A steep rise in short interest was recorded in Riley Exploration Permian Inc. stocks on 2024-08-15, dropping by 52646.0 shares to a total of 0.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.3 million shares. There was a decline of -21.35%, which implies that there is a negative sentiment for the stock.
