Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Par Pacific Holdings Inc shares valued at $419,076 were sold by Monteleone William on Dec 16 ’24. At $15.81 per share, Monteleone William sold 26,507 shares. The insider’s holdings dropped to 357,374 shares worth approximately $5.84 million following the completion of this transaction.
Also, Monteleone William purchased 26,507 shares, netting a total of over 419,003 in proceeds.
Before that, PATE WILLIAM had sold 67,700 shares from its account. In a trade valued at $1,098,094, the Director traded Par Pacific Holdings Inc shares for $16.22 each. Upon closing the transaction, the insider’s holdings decreased to 67,700 shares, worth approximately $8.57 million.
As published in a research note from Mizuho on December 16, 2024, Par Pacific Holdings Inc [PARR] has been rated down from an Outperform to a Neutral and the price target has been revised to $22 from $26. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early October. As of September 20, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for PARR. Earlier on September 09, 2024, Tudor Pickering Holt & Co. downgraded its rating. Their new recommendation was “a Hold” for PARR stock which previously was a “a Buy”.
Analyzing PARR Stock Performance
During the last five days, there has been a surge of approximately 3.29%. Over the course of the year, Par Pacific Holdings Inc shares have dropped approximately -55.07%. Shares of the company reached a 52-week high of $40.69 on 02/27/24 and a 52-week low of $14.84 on 11/05/24. A 50-day SMA is recorded $16.65, while a 200-day SMA reached $23.87. Nevertheless, trading volume fell to 0.52 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Par Pacific Holdings Inc (PARR)
According to the 24-hour chart, there is a support level at 16.04, which, if violated, would cause prices to drop to 15.73. In the upper region, resistance lies at 16.52. The next price resistance is at 16.69. RSI (Relative Strength Index) is 49.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 44.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
