Permian Resources Corp’s filing revealed that its Director Quinn William J acquired Company’s shares for reported $3.2 million on Sep 10 ’24. In the deal valued at $12.80 per share,250,000 shares were bought. As a result of this transaction, Quinn William J now holds 250,000 shares worth roughly $3.41 million.
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Then, Quinn William J bought 62,429 shares, generating $794,946 in total proceeds. Upon buying the shares at $12.73, the Director now owns 312,429 shares.
Before that, Shannon Robert Regan sold 4,822 shares. Permian Resources Corp shares valued at $67,179 were divested by the EVP, Chief Accounting Officer at a price of $13.93 per share. As a result of the transaction, Shannon Robert Regan now holds 61,399 shares, worth roughly $0.84 million.
Wolfe Research initiated its Permian Resources Corp [PR] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early July from “a Market perform” to “an Outperform”. Raymond James started covering the stock on April 09, 2024. It rated PR as “a Strong buy”.
Price Performance Review of PR
On Monday, Permian Resources Corp [NYSE:PR] saw its stock jump 1.11% to $13.64. Over the last five days, the stock has gained 3.88%. Permian Resources Corp shares have risen nearly 2.83% since the year began. Nevertheless, the stocks have risen 1.82% over the past one year. While a 52-week high of $17.94 was reached on 04/12/24, a 52-week low of $11.97 was recorded on 02/05/24. SMA at 50 days reached $14.74, while 200 days put it at $15.16.
Levels Of Support And Resistance For PR Stock
The 24-hour chart illustrates a support level at 13.51, which if violated will result in even more drops to 13.37. On the upside, there is a resistance level at 13.79. A further resistance level may holdings at 13.94. The Relative Strength Index (RSI) on the 14-day chart is 44.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.60%. Stochastics %K at 35.80% indicates the stock is a holding.
How much short interest is there in Permian Resources Corp?
A steep rise in short interest was recorded in Permian Resources Corp stocks on 2024-08-30, growing by 2.46 million shares to a total of 31.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 29.21 million shares. There was a rise of 7.78%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 05, 2024 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $15 price target.
