In a filing, Cactus Inc revealed its EVP and CEO of Spoolable Tech Tadlock Stephen unloaded Company’s shares for reported $2.06 million on Nov 04 ’24. In the deal valued at $61.35 per share,33,500 shares were sold. As a result of this transaction, Tadlock Stephen now holds 36,357 shares worth roughly $2.23 million.
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Then, Tadlock Stephen bought 33,500 shares, generating $2,051,875 in total proceeds.
Before that, MARSH WILLIAM D sold 2,059 shares. Cactus Inc shares valued at $105,071 were divested by the GC, EVP and Secretary at a price of $51.03 per share. As a result of the transaction, MARSH WILLIAM D now holds 1,852 shares, worth roughly $0.11 million.
Barclays downgraded its Cactus Inc [WHD] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in early July has reiterated a ‘”a Neutral”‘ rating for it. Johnson Rice also remained covering WHD and has decreased its forecast on May 31, 2024 with a “Accumulate” recommendation from previously “Buy” rating. The Benchmark Company revised its rating on January 16, 2024. It rated WHD as “a Hold” which previously was an “a Buy”.
Price Performance Review of WHD
On Monday, Cactus Inc [NYSE:WHD] saw its stock jump 1.29% to $61.36. Over the last five days, the stock has gained 6.55%. Cactus Inc shares have risen nearly 35.15% since the year began. Nevertheless, the stocks have risen 28.64% 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 $59.80, while 200 days put it at $53.09.
Levels Of Support And Resistance For WHD Stock
The 24-hour chart illustrates a support level at 60.29, which if violated will result in even more drops to 59.22. On the upside, there is a resistance level at 62.13. A further resistance level may holdings at 62.90. The Relative Strength Index (RSI) on the 14-day chart is 55.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.73%. Stochastics %K at 58.28% indicates the stock is a holding.
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.
