Nine Energy Service Inc’s recent filing unveils that its 10% Owner MONROE WILLIAM acquired Company’s shares for reported $0.52 million on Nov 19 ’24. In the deal valued at $1.19 per share,435,000 shares were bought. As a result of this transaction, MONROE WILLIAM now holds 4,335,000 shares worth roughly $7.28 million.
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Then, MONROE WILLIAM bought 260,000 shares, generating $321,334 in total proceeds. Upon buying the shares at $1.24, the 10% Owner now owns 4,860,000 shares.
Before that, MONROE WILLIAM bought 265,000 shares. Nine Energy Service Inc shares valued at $320,518 were divested by the 10% Owner at a price of $1.21 per share. As a result of the transaction, MONROE WILLIAM now holds 4,600,000 shares, worth roughly $7.73 million.
Citigroup upgraded its Nine Energy Service Inc [NINE] rating to a Neutral from a a Sell in a research note published on December 15, 2020; the price target was increased to $3 from $1. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid May from “an Overweight” to “a Neutral”. Goldman also remained covering NINE and has decreased its forecast on March 27, 2020 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on March 13, 2020. It rated NINE as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of NINE
On Monday, Nine Energy Service Inc [NYSE:NINE] saw its stock fall -4.00% to $1.68. Over the last five days, the stock has gained 15.86%. Nine Energy Service Inc shares have fallen nearly -37.31% since the year began. Nevertheless, the stocks have fallen -23.64% over the past one year. While a 52-week high of $3.26 was reached on 04/12/24, a 52-week low of $0.75 was recorded on 10/28/24. SMA at 50 days reached $1.1878, while 200 days put it at $1.6680.
Levels Of Support And Resistance For NINE Stock
The 24-hour chart illustrates a support level at 1.6167, which if violated will result in even more drops to 1.5533. On the upside, there is a resistance level at 1.7967. A further resistance level may holdings at 1.9133. The Relative Strength Index (RSI) on the 14-day chart is 67.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.3190, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.68%. Stochastics %K at 77.27% indicates the stock is a holding.
How much short interest is there in Nine Energy Service Inc?
A steep rise in short interest was recorded in Nine Energy Service Inc stocks on 2024-11-15, growing by 1.51 million shares to a total of 4.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.58 million shares. There was a rise of 37.01%, which implies that there is a positive sentiment for the stock.
