Select Water Solutions Inc’s recent filing unveils that its President/CEO Schmitz John unloaded Company’s shares for reported $3.08 million on Nov 11 ’24. In the deal valued at $13.70 per share,225,000 shares were sold. As a result of this transaction, Schmitz John now holds 2,925,128 shares worth roughly $42.3 million.
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Then, Schmitz John sold 75,000 shares, generating $1,044,750 in total proceeds. Upon selling the shares at $13.93, the President/CEO now owns 3,150,128 shares.
Before that, B-29 Investments, LP bought 300,000 shares. Select Water Solutions Inc shares valued at $4,278,000 were divested by the Affiliate at a price of $14.26 per share.
Northland Capital upgraded its Select Water Solutions Inc [WTTR] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Northland Capital began covering WTTR with “Market perform” recommendation on April 22, 2024. Raymond James started covering the stock on March 23, 2023. It rated WTTR as “a Strong buy”.
Price Performance Review of WTTR
On Monday, Select Water Solutions Inc [NYSE:WTTR] saw its stock fall -1.57% to $14.46. Over the last five days, the stock has gained 3.58%. Select Water Solutions Inc shares have risen nearly 90.51% since the year began. Nevertheless, the stocks have risen 96.20% over the past one year. While a 52-week high of $14.87 was reached on 11/22/24, a 52-week low of $6.99 was recorded on 01/17/24. SMA at 50 days reached $11.90, while 200 days put it at $10.47.
Levels Of Support And Resistance For WTTR Stock
The 24-hour chart illustrates a support level at 14.33, which if violated will result in even more drops to 14.19. On the upside, there is a resistance level at 14.67. A further resistance level may holdings at 14.88. The Relative Strength Index (RSI) on the 14-day chart is 69.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.42%. Stochastics %K at 93.52% indicates the stock is a selling.
How much short interest is there in Select Water Solutions Inc?
A steep rise in short interest was recorded in Select Water Solutions Inc stocks on 2024-10-31, dropping by -2.13 million shares to a total of 4.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.83 million shares. There was a decline of -45.42%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 15, 2021 when Seaport Global Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.
