In a filing, ProPetro Holding Corp revealed its Director Vion Michele unloaded Company’s shares for reported $41300.0 on Aug 26 ’24. In the deal valued at $8.26 per share,5,000 shares were sold. As a result of this transaction, Vion Michele now holds 34,006 shares worth roughly $0.29 million.
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
Then, Vion Michele bought 5,000 shares, generating $41,275 in total proceeds.
Before that, Vion Michele sold 7,778 shares. ProPetro Holding Corp shares valued at $71,635 were divested by the Director at a price of $9.21 per share. As a result of the transaction, Vion Michele now holds 39,006 shares, worth roughly $0.33 million.
The Benchmark Company downgraded its ProPetro Holding Corp [PUMP] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in mid July from “a Hold” to “a Buy”. The Benchmark Company began covering PUMP with “Hold” recommendation on January 19, 2023. Citigroup revised its rating on January 17, 2023. It rated PUMP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PUMP
On Monday, ProPetro Holding Corp [NYSE:PUMP] saw its stock jump 1.18% to $8.54. Over the last five days, the stock has gained 11.49%. ProPetro Holding Corp shares have risen nearly 1.91% since the year began. Nevertheless, the stocks have fallen -6.77% over the past one year. While a 52-week high of $11.37 was reached on 05/21/24, a 52-week low of $6.74 was recorded on 09/11/24. SMA at 50 days reached $8.05, while 200 days put it at $8.30.
Levels Of Support And Resistance For PUMP Stock
The 24-hour chart illustrates a support level at 8.43, which if violated will result in even more drops to 8.32. On the upside, there is a resistance level at 8.63. A further resistance level may holdings at 8.72. The Relative Strength Index (RSI) on the 14-day chart is 61.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.58%. Stochastics %K at 86.73% indicates the stock is a selling.
How much short interest is there in ProPetro Holding Corp?
A steep rise in short interest was recorded in ProPetro Holding Corp stocks on 2024-09-13, dropping by -0.67 million shares to a total of 9.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.75 million shares. There was a decline of -7.39%, which implies that there is a negative sentiment for the stock.
