Permian Resources Corp’s recently made public that its Director Quinn William J acquired Company’s shares for reported $3.2 million on Sep 10 ’24. In the deal valued at $12.80 per share,250,000 shares were bought. As a result of this transaction, Quinn William J now holds 250,000 shares worth roughly $3.51 million.
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Then, Quinn William J bought 62,429 shares, generating $794,946 in total proceeds. Upon buying the shares at $12.73, the Director now owns 312,429 shares.
Before that, Shannon Robert Regan sold 4,822 shares. Permian Resources Corp shares valued at $67,179 were divested by the EVP, Chief Accounting Officer at a price of $13.93 per share. As a result of the transaction, Shannon Robert Regan now holds 61,399 shares, worth roughly $0.86 million.
Goldman initiated its Permian Resources Corp [PR] rating to a Buy in a research note published on September 30, 2024; the price target was $19. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”a Peer perform”‘ rating. BMO Capital Markets also remained covering PR and has increased its forecast on July 03, 2024 with a “an Outperform” recommendation from previously “Market perform” rating.
Price Performance Review of PR
On Friday, Permian Resources Corp [NYSE:PR] saw its stock fall -1.27% to $14.03. Over the last five days, the stock has lost -3.37%. Permian Resources Corp shares have risen nearly 5.77% since the year began. Nevertheless, the stocks have fallen -5.10% over the past one year. While a 52-week high of $17.94 was reached on 04/12/24, a 52-week low of $12.04 was recorded on 02/05/24. SMA at 50 days reached $14.06, while 200 days put it at $15.26.
Levels Of Support And Resistance For PR Stock
The 24-hour chart illustrates a support level at 13.86, which if violated will result in even more drops to 13.69. On the upside, there is a resistance level at 14.19. A further resistance level may holdings at 14.36. The Relative Strength Index (RSI) on the 14-day chart is 49.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.21%. Stochastics %K at 46.37% indicates the stock is a holding.
How much short interest is there in Permian Resources Corp?
A steep rise in short interest was recorded in Permian Resources Corp stocks on 2024-09-30, growing by 4.68 million shares to a total of 36.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 31.68 million shares. There was a rise of 12.86%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 09, 2024 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $24 price target.
