Cactus Inc’s filing revealed that its GC, EVP and Secretary MARSH WILLIAM D unloaded Company’s shares for reported $0.11 million on May 09 ’24. In the deal valued at $51.03 per share,2,059 shares were sold. As a result of this transaction, MARSH WILLIAM D now holds 1,852 shares worth roughly $0.11 million.
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Then, Bender Joel sold 358,458 shares, generating $18,316,487 in total proceeds. Upon selling the shares at $51.10, the President now owns 156,586 shares.
Before that, Bender Joel sold 201,585 shares. Cactus Inc shares valued at $10,488,468 were divested by the President at a price of $52.03 per share. As a result of the transaction, Bender Joel now holds 555,001 shares, worth roughly $31.96 million.
Citigroup reiterated its Cactus Inc [WHD] rating to a Neutral in a research note published on July 10, 2024; the price target was $52. A number of analysts have revised their coverage, including Johnson Rice’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “a Accumulate”. The Benchmark Company also remained covering WHD and has decreased its forecast on January 16, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays revised its rating on October 17, 2023. It rated WHD as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of WHD
On Monday, Cactus Inc [NYSE:WHD] saw its stock fall -1.18% to $57.59. Over the last five days, the stock has lost -3.74%. Cactus Inc shares have risen nearly 26.85% since the year began. Nevertheless, the stocks have risen 21.22% over the past one year. While a 52-week high of $64.96 was reached on 08/01/24, a 52-week low of $37.58 was recorded on 01/18/24. SMA at 50 days reached $59.76, while 200 days put it at $52.58.
Levels Of Support And Resistance For WHD Stock
The 24-hour chart illustrates a support level at 56.49, which if violated will result in even more drops to 55.40. On the upside, there is a resistance level at 58.34. A further resistance level may holdings at 59.10. The Relative Strength Index (RSI) on the 14-day chart is 39.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.30%. Stochastics %K at 12.24% indicates the stock is a buying.
How much short interest is there in Cactus Inc?
A steep rise in short interest was recorded in Cactus Inc stocks on 2024-10-15, dropping by -1.6 million shares to a total of 3.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.39 million shares. There was a decline of -42.19%, which implies that there is a negative sentiment for the stock.
