SM Energy Co’s filing revealed that its VP – Chief Accounting Officer Lytle Patrick A unloaded Company’s shares for reported $0.29 million on Aug 26 ’24. In the deal valued at $47.45 per share,6,059 shares were sold. As a result of this transaction, Lytle Patrick A now holds 8,355 shares worth roughly $-0.37 million.
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Then, Lytle Patrick A bought 6,059 shares, generating $287,481 in total proceeds.
Before that, Lebeck James Barker sold 4,487 shares. SM Energy Co shares valued at $203,844 were divested by the EVP & General Counsel at a price of $45.43 per share. As a result of the transaction, Lebeck James Barker now holds 256 shares, worth roughly $11422.72.
Tudor Pickering Holt & Co. upgraded its SM Energy Co [SM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late June with a ‘”a Hold”‘ rating. Stephens began covering SM with “an Overweight” recommendation on June 21, 2024. Seaport Research Partners revised its rating on January 31, 2024. It rated SM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SM
On Monday, SM Energy Co [NYSE:SM] saw its stock fall -2.04% to $44.62. Over the last five days, the stock has lost -2.64%. SM Energy Co shares have risen nearly 15.24% since the year began. Nevertheless, the stocks have risen 11.27% over the past one year. While a 52-week high of $53.26 was reached on 04/05/24, a 52-week low of $34.13 was recorded on 01/17/24. SMA at 50 days reached $42.73, while 200 days put it at $44.42.
Levels Of Support And Resistance For SM Stock
The 24-hour chart illustrates a support level at 44.20, which if violated will result in even more drops to 43.78. On the upside, there is a resistance level at 45.13. A further resistance level may holdings at 45.64. The Relative Strength Index (RSI) on the 14-day chart is 56.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.66%. Stochastics %K at 84.80% indicates the stock is a selling.
How much short interest is there in SM Energy Co?
A steep rise in short interest was recorded in SM Energy Co stocks on 2024-09-30, growing by 0.52 million shares to a total of 11.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.86 million shares. There was a rise of 4.53%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 15, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $40 price target.
