The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cactus Inc shares valued at $105,071 were sold by MARSH WILLIAM D on May 09 ’24. At $51.03 per share, MARSH WILLIAM D sold 2,059 shares. The insider’s holdings dropped to 1,852 shares worth approximately $0.12 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Bender Joel sold 358,458 shares, netting a total of over 18,316,487 in proceeds. Following the sale of shares at $51.10 each, the insider now holds 156,586 shares.
Before that, Bender Joel had sold 201,585 shares from its account. In a trade valued at $10,488,468, the President traded Cactus Inc shares for $52.03 each. Upon closing the transaction, the insider’s holdings decreased to 201,585 shares, worth approximately $35.03 million.
As published in a research note from Citigroup on July 10, 2024, Cactus Inc [WHD] has been retained to a Neutral and the price target has been revised to $52. Analysts at Johnson Rice downgraded the stock from ‘”a Buy”‘ to ‘”a Accumulate”‘ outlook in a report released in late May. As of January 16, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for WHD. Earlier on October 17, 2023, Barclays upgraded its rating. Their new recommendation was “an Overweight” for WHD stock which previously was a “an Equal weight”.
Analyzing WHD Stock Performance
During the last five days, there has been a surge of approximately 11.34%. Over the course of the year, Cactus Inc shares have jumped approximately 39.03%. Shares of the company reached a 52-week high of $64.96 on 08/01/24 and a 52-week low of $37.58 on 01/18/24. A 50-day SMA is recorded $59.34, while a 200-day SMA reached $51.12. Nevertheless, trading volume fell to 0.61 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Cactus Inc (WHD)
According to the 24-hour chart, there is a support level at 61.27, which, if violated, would cause prices to drop to 59.42. In the upper region, resistance lies at 64.38. The next price resistance is at 65.65. RSI (Relative Strength Index) is 60.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 16.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
