The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cactus Inc shares valued at $69,370,000 were purchased by Bender Investment Company on Nov 06 ’24. At $69.37 per share, Bender Investment Company acquired 1,000,000 shares.
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Also, Steven Bender purchased 100,000 shares, netting a total of over 6,937,000 in proceeds.
Before that, MARSH WILLIAM D had sold 3,316 shares from its account. In a trade valued at $206,123, the GC, EVP and Secretary traded Cactus Inc shares for $62.16 each. Upon closing the transaction, the insider’s holdings decreased to 3,316 shares, worth approximately $0.12 million.
As published in a research note from Barclays on November 04, 2024, Cactus Inc [WHD] has been rated down from an Overweight to an Equal weight and the price target has been revised to $61. Analysts at Citigroup resumed the stock at ‘”a Neutral”‘ outlook in a report released in early July. As of May 31, 2024, Johnson Rice has decreased its “Buy” rating to a “Accumulate” for WHD. Earlier on January 16, 2024, The Benchmark Company downgraded its rating. Their new recommendation was “a Hold” for WHD stock which previously was a “a Buy”.
Analyzing WHD Stock Performance
During the last five days, there has been a surge of approximately 11.59%. Over the course of the year, Cactus Inc shares have jumped approximately 45.73%. Shares of the company reached a 52-week high of $69.77 on 11/06/24 and a 52-week low of $37.58 on 01/18/24. A 50-day SMA is recorded $60.14, while a 200-day SMA reached $53.48. Nevertheless, trading volume fell to 1.13 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Cactus Inc (WHD)
According to the 24-hour chart, there is a support level at 65.59, which, if violated, would cause prices to drop to 65.01. In the upper region, resistance lies at 66.97. The next price resistance is at 67.77. RSI (Relative Strength Index) is 62.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.50, which suggests the price will increase in the coming days. Percent R is at 26.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
