Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SM Energy Co shares valued at $287,500 were sold by Lytle Patrick A on Aug 26 ’24. At $47.45 per share, Lytle Patrick A sold 6,059 shares. The insider’s holdings dropped to 8,355 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Lytle Patrick A purchased 6,059 shares, netting a total of over 287,481 in proceeds.
Before that, Lebeck James Barker had sold 4,487 shares from its account. In a trade valued at $203,844, the EVP & General Counsel traded SM Energy Co shares for $45.43 each. Upon closing the transaction, the insider’s holdings decreased to 4,487 shares, worth approximately $9745.92.
As published in a research note from Tudor Pickering Holt & Co. on August 21, 2024, SM Energy Co [SM] has been rated up from a Hold to a Buy. Analysts at Truist started covering the stock with ‘”a Hold”‘ outlook in a report released in late June. As of June 21, 2024, Stephens has initiated its “an Overweight” rating for SM. Earlier on January 31, 2024, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for SM stock which previously was a “a Neutral”.
Analyzing SM Stock Performance
During the last five days, there has been a drop of approximately -8.24%. Over the course of the year, SM Energy Co shares have dropped approximately -1.68%. Shares of the company reached a 52-week high of $53.26 on 04/05/24 and a 52-week low of $34.76 on 01/17/24. A 50-day SMA is recorded $43.17, while a 200-day SMA reached $44.08. Nevertheless, trading volume fell to 3.25 million shares from 1.64 million shares the previous day.
Support And Resistance Levels for SM Energy Co (SM)
According to the 24-hour chart, there is a support level at 37.24, which, if violated, would cause prices to drop to 36.40. In the upper region, resistance lies at 39.53. The next price resistance is at 40.99. RSI (Relative Strength Index) is 34.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 94.63%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
