Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $2.13 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 $3.96 million.
As published in their initiating research note from Morgan Stanley on January 10, 2025, Permian Resources Corp [PR] has been an Overweight and the price target has been revised to $19. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of July 18, 2024, Wolfe Research has initiated its “Peer perform” rating for PR. Earlier on July 03, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for PR stock which previously was a “a Market perform”.
Analyzing PR Stock Performance
During the last five days, there has been a surge of approximately 5.60%. Over the course of the year, Permian Resources Corp shares have jumped approximately 10.08%. Shares of the company reached a 52-week high of $15.95 on 01/16/25 and a 52-week low of $14.52 on 01/02/25. A 50-day SMA is recorded $14.86, while a 200-day SMA reached $15.23. Nevertheless, trading volume fell to 7.79 million shares from 7.03 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 15.60, which, if violated, would cause prices to drop to 15.37. In the upper region, resistance lies at 16.01. The next price resistance is at 16.18. RSI (Relative Strength Index) is 69.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 5.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
