Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Par Pacific Holdings Inc shares valued at $224,940 were sold by Guerra Ivan Daniel on Mar 13 ’24. At $37.49 per share, Guerra Ivan Daniel sold 6,000 shares. The insider’s holdings dropped to 16,200 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Hollis Jeffrey Ryan sold 4,700 shares, netting a total of over 175,733 in proceeds. Following the sale of shares at $37.39 each, the insider now holds 13,176 shares.
Before that, PATE WILLIAM had sold 75,000 shares from its account. In a trade valued at $2,627,250, the Chief Executive Officer traded Par Pacific Holdings Inc shares for $35.03 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $8.45 million.
As published in a research note from JP Morgan on October 02, 2024, Par Pacific Holdings Inc [PARR] has been rated up from a Neutral to an Overweight and the price target has been revised to $30 from $36. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid September. As of September 09, 2024, Tudor Pickering Holt & Co. has decreased its “Buy” rating to a “Hold” for PARR. Earlier on August 09, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for PARR stock.
Analyzing PARR Stock Performance
During the last five days, there has been a surge of approximately 9.86%. Over the course of the year, Par Pacific Holdings Inc shares have dropped approximately -51.91%. Shares of the company reached a 52-week high of $40.69 on 02/27/24 and a 52-week low of $14.84 on 11/05/24. A 50-day SMA is recorded $17.66, while a 200-day SMA reached $26.82. Nevertheless, trading volume fell to 1.01 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Par Pacific Holdings Inc (PARR)
According to the 24-hour chart, there is a support level at 17.12, which, if violated, would cause prices to drop to 16.76. In the upper region, resistance lies at 17.74. The next price resistance is at 17.99. RSI (Relative Strength Index) is 54.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 7.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
