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 $163,300 were sold by Davis Elizabeth B on Dec 23 ’24. At $16.33 per share, Davis Elizabeth B sold 10,000 shares. The insider’s holdings dropped to 123,781 shares worth approximately $2.08 million following the completion of this transaction.
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Also, Davis Elizabeth B sold 10,000 shares, netting a total of over 160,090 in proceeds. Following the sale of shares at $16.01 each, the insider now holds 133,781 shares.
Before that, Davis Elizabeth B had sold 10,000 shares from its account. In a trade valued at $156,219, the Director traded Comstock Resources, Inc shares for $15.62 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $2.41 million.
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 surge of approximately 4.29%. Over the course of the year, Comstock Resources, Inc shares have jumped approximately 89.60%. 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 $13.96, while a 200-day SMA reached $11.21. Nevertheless, trading volume fell to 1.01 million shares from 1.75 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 16.55, which, if violated, would cause prices to drop to 16.31. In the upper region, resistance lies at 17.00. The next price resistance is at 17.22. RSI (Relative Strength Index) is 63.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 26.99%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
