Comstock Resources, Inc’s filing revealed that its Director Davis Elizabeth B unloaded Company’s shares for reported $0.15 million on Dec 30 ’24. In the deal valued at $18.17 per share,8,000 shares were sold. As a result of this transaction, Davis Elizabeth B now holds 99,632 shares worth roughly $1.76 million.
Then, Davis Elizabeth B sold 10,000 shares, generating $169,800 in total proceeds. Upon selling the shares at $16.98, the Director now owns 107,632 shares.
Before that, Davis Elizabeth B sold 6,149 shares. Comstock Resources, Inc shares valued at $104,334 were divested by the Director at a price of $16.97 per share. As a result of the transaction, Davis Elizabeth B now holds 117,632 shares, worth roughly $2.08 million.
Mizuho upgraded its Comstock Resources, Inc [CRK] rating to a Neutral from a an Underperform in a research note published on December 16, 2024; the price target was increased to $18 from $10. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Siebert Williams Shank also remained covering CRK and has decreased its forecast on October 15, 2024 with a “Sell” recommendation from previously “Hold” rating. Piper Sandler revised its rating on August 15, 2024. It rated CRK as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of CRK
On Friday, Comstock Resources, Inc [NYSE:CRK] saw its stock fall -5.45% to $17.68. Over the last five days, the stock has gained 6.12%. Comstock Resources, Inc shares have fallen nearly -2.96% since the year began. Nevertheless, the stocks have risen 99.32% over the past one year. While a 52-week high of $19.25 was reached on 01/02/25, a 52-week low of $7.07 was recorded on 01/03/25. SMA at 50 days reached $14.73, while 200 days put it at $11.50.
Levels Of Support And Resistance For CRK Stock
The 24-hour chart illustrates a support level at 17.30, which if violated will result in even more drops to 16.93. On the upside, there is a resistance level at 18.40. A further resistance level may holdings at 19.13. The Relative Strength Index (RSI) on the 14-day chart is 59.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.27%. Stochastics %K at 73.74% indicates the stock is a holding.
How much short interest is there in Comstock Resources, Inc?
A steep rise in short interest was recorded in Comstock Resources, Inc stocks on 2024-12-13, dropping by -2.36 million shares to a total of 25.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 27.84 million shares. There was a decline of -9.26%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 18, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
