Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gulfport Energy Corp shares valued at $83,037,026 were sold by Silver Point Capital L.P. on Nov 21 ’24. At $175.60 per share, Silver Point Capital L.P. sold 472,876 shares. The insider’s holdings dropped to 3,764,972 shares worth approximately $667.3 million following the completion of this transaction.
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Also, Martinez Jason Joseph sold 875 shares, netting a total of over 154,796 in proceeds. Following the sale of shares at $176.91 each, the insider now holds 5,686 shares.
Before that, Martinez Jason Joseph had sold 875 shares from its account. In a trade valued at $149,782, the Director traded Gulfport Energy Corp shares for $171.18 each. Upon closing the transaction, the insider’s holdings decreased to 875 shares, worth approximately $1.16 million.
As published in a research note from Evercore ISI on October 04, 2024, Gulfport Energy Corp [GPOR] has been rated down from an Outperform to an In-line and the price target has been revised to $170. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in early August. As of July 18, 2024, Wolfe Research has initiated its “Peer perform” rating for GPOR. Earlier on April 05, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for GPOR stock which previously was a “an Overweight”.
Analyzing GPOR Stock Performance
During the last five days, there has been a surge of approximately 1.47%. Over the course of the year, Gulfport Energy Corp shares have jumped approximately 33.06%. Shares of the company reached a 52-week high of $183.59 on 11/21/24 and a 52-week low of $119.75 on 01/08/24. A 50-day SMA is recorded $152.80, while a 200-day SMA reached $151.33. Nevertheless, trading volume fell to 0.47 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Gulfport Energy Corp (GPOR)
According to the 24-hour chart, there is a support level at 175.39, which, if violated, would cause prices to drop to 173.53. In the upper region, resistance lies at 179.50. The next price resistance is at 181.75. RSI (Relative Strength Index) is 75.73 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.98, which suggests the price will increase in the coming days. Percent R is at 19.68%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
