Permian Resources Corp’s recently made public that its Director Quinn William J acquired Company’s shares for reported $3.2 million on Sep 10 ’24. In the deal valued at $12.80 per share,250,000 shares were bought. As a result of this transaction, Quinn William J now holds 250,000 shares worth roughly $3.7 million.
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Then, Quinn William J bought 62,429 shares, generating $794,946 in total proceeds. Upon buying the shares at $12.73, the Director now owns 312,429 shares.
Before that, Shannon Robert Regan sold 4,822 shares. Permian Resources Corp shares valued at $67,179 were divested by the EVP, Chief Accounting Officer at a price of $13.93 per share. As a result of the transaction, Shannon Robert Regan now holds 61,399 shares, worth roughly $0.91 million.
Goldman initiated its Permian Resources Corp [PR] rating to a Buy in a research note published on September 30, 2024; the price target was $19. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”a Peer perform”‘ rating. BMO Capital Markets also remained covering PR and has increased its forecast on July 03, 2024 with a “an Outperform” recommendation from previously “Market perform” rating.
Price Performance Review of PR
On Friday, Permian Resources Corp [NYSE:PR] saw its stock fall -2.50% to $14.80. Over the last five days, the stock has lost -0.80%. Permian Resources Corp shares have risen nearly 11.58% since the year began. Nevertheless, the stocks have risen 14.20% over the past one year. While a 52-week high of $17.94 was reached on 04/12/24, a 52-week low of $12.04 was recorded on 02/05/24. SMA at 50 days reached $14.03, while 200 days put it at $15.35.
Levels Of Support And Resistance For PR Stock
The 24-hour chart illustrates a support level at 14.58, which if violated will result in even more drops to 14.36. On the upside, there is a resistance level at 15.18. A further resistance level may holdings at 15.56. The Relative Strength Index (RSI) on the 14-day chart is 57.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.05%. Stochastics %K at 81.73% indicates the stock is a selling.
How much short interest is there in Permian Resources Corp?
A steep rise in short interest was recorded in Permian Resources Corp stocks on 2024-10-31, dropping by -4.65 million shares to a total of 31.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 36.35 million shares. There was a decline of -14.66%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 09, 2024 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $24 price target.
