Cactus Inc’s recently made public that its Director Rothstein Bruce M unloaded Company’s shares for reported $2.61 million on Nov 19 ’24. In the deal valued at $65.22 per share,40,000 shares were sold. As a result of this transaction, Rothstein Bruce M now holds 0 shares worth roughly $0.0.
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Then, Rothstein Bruce M sold 5,000 shares, generating $326,125 in total proceeds. Upon selling the shares at $65.22, the Director now owns 12,177 shares.
Before that, Rothstein Bruce M bought 45,000 shares. Cactus Inc shares valued at $2,935,125 were divested by the Director at a price of $65.22 per share.
Barclays downgraded its Cactus Inc [WHD] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in early July has reiterated a ‘”a Neutral”‘ rating for it. Johnson Rice also remained covering WHD and has decreased its forecast on May 31, 2024 with a “Accumulate” recommendation from previously “Buy” rating. The Benchmark Company revised its rating on January 16, 2024. It rated WHD as “a Hold” which previously was an “a Buy”.
Price Performance Review of WHD
On Friday, Cactus Inc [NYSE:WHD] saw its stock fall -0.42% to $56.69. Over the last five days, the stock has lost -10.26%. Cactus Inc shares have risen nearly 24.87% since the year began. Nevertheless, the stocks have risen 27.39% over the past one year. While a 52-week high of $70.01 was reached on 11/12/24, a 52-week low of $37.58 was recorded on 01/18/24. SMA at 50 days reached $63.40, while 200 days put it at $56.63.
Levels Of Support And Resistance For WHD Stock
The 24-hour chart illustrates a support level at 55.86, which if violated will result in even more drops to 55.03. On the upside, there is a resistance level at 57.44. A further resistance level may holdings at 58.18. The Relative Strength Index (RSI) on the 14-day chart is 26.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.51%. Stochastics %K at 3.61% indicates the stock is a buying.
How much short interest is there in Cactus Inc?
A steep rise in short interest was recorded in Cactus Inc stocks on 2024-11-29, dropping by -0.22 million shares to a total of 3.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.76 million shares. There was a decline of -6.34%, which implies that there is a negative sentiment for the stock.
