In a filing, Permian Resources Corp revealed its EVP, Chief Financial Officer Oliphint Guy M unloaded Company’s shares for reported $0.13 million on Jan 03 ’25. In the deal valued at $15.30 per share,8,761 shares were sold. As a result of this transaction, Oliphint Guy M now holds 134,617 shares worth roughly $2.07 million.
Then, Oliphint Guy M bought 8,761 shares, generating $134,017 in total proceeds.
Before that, Quinn William J bought 250,000 shares. Permian Resources Corp shares valued at $3,199,875 were divested by the Director at a price of $12.80 per share. As a result of the transaction, Quinn William J now holds 250,000 shares, worth roughly $3.85 million.
Morgan Stanley initiated its Permian Resources Corp [PR] rating to an Overweight in a research note published on January 10, 2025; the price target was $19. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Wolfe Research began covering PR with “Peer perform” recommendation on July 18, 2024. BMO Capital Markets revised its rating on July 03, 2024. It rated PR as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of PR
On Monday, Permian Resources Corp [NYSE:PR] saw its stock jump 1.65% to $15.39. Over the last five days, the stock has gained 1.65%. Permian Resources Corp shares have risen nearly 7.02% since the year began. Nevertheless, the stocks have risen 20.36% over the past one year. While a 52-week high of $17.94 was reached on 01/10/25, a 52-week low of $12.28 was recorded on 01/02/25. SMA at 50 days reached $14.74, while 200 days put it at $15.26.
Levels Of Support And Resistance For PR Stock
The 24-hour chart illustrates a support level at 15.21, which if violated will result in even more drops to 15.02. On the upside, there is a resistance level at 15.56. A further resistance level may holdings at 15.72. The Relative Strength Index (RSI) on the 14-day chart is 63.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.07%. Stochastics %K at 81.70% indicates the stock is a selling.
How much short interest is there in Permian Resources Corp?
A steep rise in short interest was recorded in Permian Resources Corp stocks on 2024-12-31, growing by 2.4 million shares to a total of 34.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 31.6 million shares. There was a rise of 7.06%, which implies that there is a positive sentiment for the stock.
