USA Compression Partners LP’s recent filing unveils that its insider LONG ERIC D unloaded Company’s shares for reported $0.48 million on Aug 23 ’24. In the deal valued at $22.27 per share,21,396 shares were sold. As a result of this transaction, LONG ERIC D now holds 1,786 shares worth roughly $38827.64.
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Then, LONG ERIC D sold 1,786 shares, generating $40,739 in total proceeds. Upon selling the shares at $22.81, the insider now owns 0 shares.
Before that, LONG ERIC D bought 23,182 shares. USA Compression Partners LP shares valued at $509,550 were divested by the Officer at a price of $21.98 per share.
Citigroup initiated its USA Compression Partners LP [USAC] rating to a Neutral in a research note published on September 27, 2024; the price target was $23. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in late May from “an Underperform” to “a Neutral”. Mizuho also remained covering USAC and has decreased its forecast on September 29, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Mizuho started covering the stock on July 27, 2022. It rated USAC as “a Neutral”.
Price Performance Review of USAC
On Monday, USA Compression Partners LP [NYSE:USAC] saw its stock fall -2.60% to $21.74. Over the last five days, the stock has lost -5.27%. USA Compression Partners LP shares have fallen nearly -4.77% since the year began. Nevertheless, the stocks have fallen -16.83% over the past one year. While a 52-week high of $28.47 was reached on 04/04/24, a 52-week low of $21.06 was recorded on 08/05/24. SMA at 50 days reached $22.44, while 200 days put it at $24.15.
Levels Of Support And Resistance For USAC Stock
The 24-hour chart illustrates a support level at 21.52, which if violated will result in even more drops to 21.31. On the upside, there is a resistance level at 21.99. A further resistance level may holdings at 22.25. The Relative Strength Index (RSI) on the 14-day chart is 35.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.94%. Stochastics %K at 17.48% indicates the stock is a buying.
How much short interest is there in USA Compression Partners LP?
A steep rise in short interest was recorded in USA Compression Partners LP stocks on 2024-09-30, dropping by -0.19 million shares to a total of 2.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.27 million shares. There was a decline of -8.94%, which implies that there is a negative sentiment for the stock.
