Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HighPeak Energy Inc shares valued at $242,186 were purchased by HIGHTOWER JACK on Nov 08 ’24. At $14.03 per share, HIGHTOWER JACK acquired 17,262 shares. The insider’s holdings grew to 4,976,517 shares worth approximately $73.95 million following the completion of this transaction.
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Also, HIGHTOWER JACK purchased 100,000 shares, netting a total of over 1,554,000 in proceeds. Following the buying of shares at $15.54 each, the insider now holds 4,959,255 shares.
Before that, HIGHTOWER JACK had added 36,078 shares to its account. In a trade valued at $550,114, the Chief Executive Officer bought HighPeak Energy Inc shares for $15.25 each. Upon closing the transaction, the insider’s holdings increased to 36,078 shares, worth approximately $72.21 million.
As published in a research note from Truist on May 23, 2024, HighPeak Energy Inc [HPK] has been rated up from a Sell to a Hold and the price target has been revised to $13 from $10. Analysts at Truist started covering the stock with ‘”a Sell”‘ outlook in a report released in late April. As of November 09, 2021, ROTH Capital has initiated its “Buy” rating for HPK. Earlier on July 22, 2021, Seaport Global Securities initiated its rating. Their recommendation was “a Buy” for HPK stock.
Analyzing HPK Stock Performance
During the last five days, there has been a drop of approximately -1.46%. Over the course of the year, HighPeak Energy Inc shares have jumped approximately 4.35%. Shares of the company reached a 52-week high of $17.48 on 07/18/24 and a 52-week low of $12.47 on 02/02/24. A 50-day SMA is recorded $14.39, while a 200-day SMA reached $14.98. Nevertheless, trading volume fell to 0.12 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for HighPeak Energy Inc (HPK)
According to the 24-hour chart, there is a support level at 14.70, which, if violated, would cause prices to drop to 14.53. In the upper region, resistance lies at 15.06. The next price resistance is at 15.25. RSI (Relative Strength Index) is 54.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 42.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
