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WTTR (Select Water Solutions Inc) may reap gains as insiders became active recently

Select Water Solutions Inc’s recently made public that its EVP, COO Skarke Michael unloaded Company’s shares for reported $0.13 million on May 13 ’24. In the deal valued at $9.78 per share,13,421 shares were sold. As a result of this transaction, Skarke Michael now holds 380,981 shares worth roughly $4.1 million.

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Then, Szymanski Brian sold 8,080 shares, generating $67,307 in total proceeds. Upon selling the shares at $8.33, the Chief Accounting Officer now owns 84,304 shares.

Before that, Swyka Nick L sold 9,009 shares. Select Water Solutions Inc shares valued at $77,051 were divested by the CFO & Senior VP at a price of $8.55 per share. As a result of the transaction, Swyka Nick L now holds 272,140 shares, worth roughly $2.93 million.

Northland Capital upgraded its Select Water Solutions Inc [WTTR] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Northland Capital began covering WTTR with “Market perform” recommendation on April 22, 2024. Raymond James started covering the stock on March 23, 2023. It rated WTTR as “a Strong buy”.

Price Performance Review of WTTR

On Tuesday, Select Water Solutions Inc [NYSE:WTTR] saw its stock fall -2.62% to $10.76. Over the last five days, the stock has lost -2.62%. Select Water Solutions Inc shares have risen nearly 41.77% since the year began. Nevertheless, the stocks have risen 43.85% over the past one year. While a 52-week high of $12.27 was reached on 08/01/24, a 52-week low of $6.78 was recorded on 01/17/24. SMA at 50 days reached $11.08, while 200 days put it at $9.84.

Levels Of Support And Resistance For WTTR Stock

The 24-hour chart illustrates a support level at 10.62, which if violated will result in even more drops to 10.48. On the upside, there is a resistance level at 10.99. A further resistance level may holdings at 11.22. The Relative Strength Index (RSI) on the 14-day chart is 43.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.74%. Stochastics %K at 14.49% indicates the stock is a buying.

How much short interest is there in Select Water Solutions Inc?

A steep rise in short interest was recorded in Select Water Solutions Inc stocks on 2024-09-30, growing by 0.24 million shares to a total of 6.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.58 million shares. There was a rise of 3.57%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 15, 2021 when Seaport Global Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.

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