Gulfport Energy Corp.’s filing revealed that its Director Silver Point Capital L.P. unloaded Company’s shares for reported $140.4 million on Sep 19 ’24. In the deal valued at $146.25 per share,960,000 shares were sold. As a result of this transaction, Silver Point Capital L.P. now holds 4,237,848 shares worth roughly $639.53 million.
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Then, Silver Point Capital, L.P. bought 960,000 shares, generating $142,233,600 in total proceeds.
Before that, Willrath Matthew sold 567 shares. Gulfport Energy Corp. shares valued at $81,659 were divested by the VP & CAO at a price of $144.02 per share. As a result of the transaction, Willrath Matthew now holds 2,410 shares, worth roughly $0.36 million.
Evercore ISI downgraded its Gulfport Energy Corp. [GPOR] rating to an In-line from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in early August from “a Sector weight” to “an Overweight”. Wolfe Research began covering GPOR with “Peer perform” recommendation on July 18, 2024. KeyBanc Capital Markets revised its rating on April 05, 2024. It rated GPOR as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of GPOR
On Friday, Gulfport Energy Corp. [NYSE:GPOR] saw its stock fall -0.45% to $150.91. Over the last five days, the stock has lost -0.68%. Gulfport Energy Corp. shares have risen nearly 13.30% since the year began. Nevertheless, the stocks have risen 32.71% over the past one year. While a 52-week high of $165.19 was reached on 04/30/24, a 52-week low of $111.51 was recorded on 01/08/24. SMA at 50 days reached $143.85, while 200 days put it at $146.55.
Levels Of Support And Resistance For GPOR Stock
The 24-hour chart illustrates a support level at 147.26, which if violated will result in even more drops to 143.60. On the upside, there is a resistance level at 153.81. A further resistance level may holdings at 156.71. The Relative Strength Index (RSI) on the 14-day chart is 58.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.63%. Stochastics %K at 71.60% indicates the stock is a holding.
How much short interest is there in Gulfport Energy Corp.?
A steep rise in short interest was recorded in Gulfport Energy Corp. stocks on 2024-09-13, growing by 0.22 million shares to a total of 0.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.65 million shares. There was a rise of 25.21%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 17, 2024 when Tudor Pickering Holt & Co. began covering the stock and recommended ‘”a Buy”‘ rating along with a $163 price target.
