The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Comstock Resources, Inc shares valued at $1,135,400 were purchased by Davis Elizabeth B on Dec 18 ’24. At $16.22 per share, Davis Elizabeth B acquired 70,000 shares.
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Also, Arkoma Drilling, L.P. purchased 1,044,200 shares, netting a total of over 11,657,658 in proceeds. Following the buying of shares at $11.16 each, the insider now holds 207,627,746 shares.
Before that, Arkoma Drilling, L.P. had added 592,246 shares to its account. In a trade valued at $6,836,473, the 10% Owner bought Comstock Resources, Inc shares for $11.54 each. Upon closing the transaction, the insider’s holdings increased to 592,246 shares, worth approximately $3.22 billion.
As published in a research note from Mizuho on December 16, 2024, Comstock Resources, Inc [CRK] has been rated up from an Underperform to a Neutral and the price target has been revised to $18 from $10. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of October 15, 2024, Siebert Williams Shank has decreased its “Hold” rating to a “Sell” for CRK. Earlier on August 15, 2024, Piper Sandler downgraded its rating. Their new recommendation was “an Underweight” for CRK stock which previously was a “a Neutral”.
Analyzing CRK Stock Performance
During the last five days, there has been a drop of approximately -12.00%. Over the course of the year, Comstock Resources, Inc shares have jumped approximately 74.92%. Shares of the company reached a 52-week high of $17.79 on 12/13/24 and a 52-week low of $7.07 on 02/14/24. A 50-day SMA is recorded $13.69, while a 200-day SMA reached $11.09. Nevertheless, trading volume fell to 1.73 million shares from 2.12 million shares the previous day.
Support And Resistance Levels for Comstock Resources, Inc (CRK)
According to the 24-hour chart, there is a support level at 15.32, which, if violated, would cause prices to drop to 15.15. In the upper region, resistance lies at 15.77. The next price resistance is at 16.05. RSI (Relative Strength Index) is 54.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 62.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
