Comstock Resources, Inc’s recent filing unveils 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 $1.99 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 $2.35 million.
Morgan Stanley initiated its Comstock Resources, Inc [CRK] rating to an Equal-weight in a research note published on January 10, 2025; the price target was $18. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid December from “an Underperform” to “a Neutral”. BofA Securities began covering CRK with “Buy” recommendation on October 28, 2024. Siebert Williams Shank revised its rating on October 15, 2024. It rated CRK as “a Sell” which previously was an “a Hold”.
Price Performance Review of CRK
On Monday, Comstock Resources, Inc [NYSE:CRK] saw its stock jump 0.55% to $19.99. Over the last five days, the stock has gained 13.07%. Comstock Resources, Inc shares have risen nearly 9.71% since the year began. Nevertheless, the stocks have risen 126.13% over the past one year. While a 52-week high of $20.08 was reached on 01/13/25, a 52-week low of $7.07 was recorded on 01/07/25. SMA at 50 days reached $15.47, while 200 days put it at $11.78.
Levels Of Support And Resistance For CRK Stock
The 24-hour chart illustrates a support level at 19.52, which if violated will result in even more drops to 19.04. On the upside, there is a resistance level at 20.52. A further resistance level may holdings at 21.04. The Relative Strength Index (RSI) on the 14-day chart is 70.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.91%. Stochastics %K at 91.97% indicates the stock is a selling.
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.
