Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Permian Resources Corp shares valued at $134,017 were sold by Oliphint Guy M on Jan 03 ’25. At $15.30 per share, Oliphint Guy M sold 8,761 shares. The insider’s holdings dropped to 134,617 shares worth approximately $2.02 million following the completion of this transaction.
Also, Oliphint Guy M purchased 8,761 shares, netting a total of over 134,017 in proceeds.
Before that, Quinn William J had added 250,000 shares to its account. In a trade valued at $3,199,875, the Director bought Permian Resources Corp shares for $12.80 each. Upon closing the transaction, the insider’s holdings increased to 250,000 shares, worth approximately $3.75 million.
As published in their initiating research note from Goldman on September 30, 2024, Permian Resources Corp [PR] has been a Buy and the price target has been revised to $19. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid July. As of July 03, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for PR.
Analyzing PR Stock Performance
During the last five days, there has been a surge of approximately 4.24%. Over the course of the year, Permian Resources Corp shares have jumped approximately 4.24%. Shares of the company reached a 52-week high of $15.40 on 01/06/25 and a 52-week low of $14.52 on 01/02/25. A 50-day SMA is recorded $14.67, while a 200-day SMA reached $15.28. Nevertheless, trading volume fell to 6.95 million shares from 10.81 million shares the previous day.
Support And Resistance Levels for Permian Resources Corp (PR)
According to the 24-hour chart, there is a support level at 14.77, which, if violated, would cause prices to drop to 14.54. In the upper region, resistance lies at 15.14. The next price resistance is at 15.29. RSI (Relative Strength Index) is 58.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 20.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
