Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mammoth Energy Services Inc shares valued at $52,050 were sold by Booker Corey J. on Nov 25 ’24. At $3.47 per share, Booker Corey J. sold 15,000 shares. The insider’s holdings dropped to 125,488 shares worth approximately $0.45 million following the completion of this transaction.
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Also, Booker Corey J. sold 10,000 shares, netting a total of over 34,300 in proceeds. Following the sale of shares at $3.43 each, the insider now holds 140,488 shares.
Before that, Booker Corey J. had sold 6,709 shares from its account. In a trade valued at $21,804, the Director traded Mammoth Energy Services Inc shares for $3.25 each. Upon closing the transaction, the insider’s holdings decreased to 6,709 shares, worth approximately $0.54 million.
As published in a research note from Barclays on September 30, 2019, Mammoth Energy Services Inc [TUSK] has been rated down from an Overweight to an Equal weight and the price target has been revised to $3.50 from $6.50. Analysts at Johnson Rice downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid September. As of August 05, 2019, Imperial Capital has reiterated its “an Outperform” rating for TUSK. Earlier on June 07, 2019, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for TUSK stock which previously was a “an Overweight”.
Analyzing TUSK Stock Performance
During the last five days, there has been a surge of approximately 10.84%. Over the course of the year, Mammoth Energy Services Inc shares have dropped approximately -19.73%. Shares of the company reached a 52-week high of $4.94 on 07/23/24 and a 52-week low of $2.50 on 07/09/24. A 50-day SMA is recorded $4.03, while a 200-day SMA reached $3.67. Nevertheless, trading volume fell to 0.1 million shares from 73900.0 shares the previous day.
Support And Resistance Levels for Mammoth Energy Services Inc (TUSK)
According to the 24-hour chart, there is a support level at 3.52, which, if violated, would cause prices to drop to 3.45. In the upper region, resistance lies at 3.68. The next price resistance is at 3.77. RSI (Relative Strength Index) is 46.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 38.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
