Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ChampionX Corp shares valued at $1,482,053 were sold by Bryant Deric D. on Nov 06 ’24. At $30.06 per share, Bryant Deric D. sold 49,303 shares. The insider’s holdings dropped to 337,409 shares worth approximately $9.0 million following the completion of this transaction.
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Also, DERIC BRYANT purchased 49,303 shares, netting a total of over 1,417,954 in proceeds.
Before that, O’Dell William Jr. had sold 27,178 shares from its account. In a trade valued at $978,408, the insider traded ChampionX Corp shares for $36.00 each. Upon closing the transaction, the insider’s holdings decreased to 27,178 shares, worth approximately $1.54 million.
As published in a research note from Piper Sandler on January 08, 2024, ChampionX Corp [CHX] has been rated down from an Overweight to a Neutral and the price target has been revised to $32 from $38. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid October. As of July 14, 2023, CapitalOne has initiated its “an Overweight” rating for CHX. Earlier on October 06, 2022, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for CHX stock which previously was a “an Overweight”.
Analyzing CHX Stock Performance
During the last five days, there has been a surge of approximately 1.41%. Over the course of the year, ChampionX Corp shares have dropped approximately -8.66%. Shares of the company reached a 52-week high of $39.95 on 04/08/24 and a 52-week low of $25.46 on 01/17/24. A 50-day SMA is recorded $29.48, while a 200-day SMA reached $32.00. Nevertheless, trading volume fell to 0.75 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for ChampionX Corp (CHX)
According to the 24-hour chart, there is a support level at 26.34, which, if violated, would cause prices to drop to 26.00. In the upper region, resistance lies at 26.88. The next price resistance is at 27.07. RSI (Relative Strength Index) is 32.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 73.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
