Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SM Energy Co shares valued at $287,500 were sold by Lytle Patrick A on Aug 26 ’24. At $47.45 per share, Lytle Patrick A sold 6,059 shares. The insider’s holdings dropped to 8,355 shares worth approximately $0.35 million following the completion of this transaction.
Also, Lytle Patrick A purchased 6,059 shares, netting a total of over 287,481 in proceeds.
Before that, Lebeck James Barker had sold 4,487 shares from its account. In a trade valued at $203,844, the EVP & General Counsel traded SM Energy Co shares for $45.43 each. Upon closing the transaction, the insider’s holdings decreased to 4,487 shares, worth approximately $10695.68.
As published in a research note from JP Morgan on December 05, 2024, SM Energy Co [SM] has been rated down from an Overweight to a Neutral and the price target has been revised to $53 from $51. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of August 21, 2024, Tudor Pickering Holt & Co. has increased its “Hold” rating to a “Buy” for SM. Earlier on June 25, 2024, Truist initiated its rating. Their recommendation was “a Hold” for SM stock.
Analyzing SM Stock Performance
During the last five days, there has been a drop of approximately -4.87%. Over the course of the year, SM Energy Co shares have jumped approximately 7.79%. Shares of the company reached a 52-week high of $44.95 on 01/15/25 and a 52-week low of $39.40 on 01/02/25. A 50-day SMA is recorded $41.91, while a 200-day SMA reached $44.61. Nevertheless, trading volume fell to 1.55 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for SM Energy Co (SM)
According to the 24-hour chart, there is a support level at 41.34, which, if violated, would cause prices to drop to 40.90. In the upper region, resistance lies at 42.26. The next price resistance is at 42.74. RSI (Relative Strength Index) is 50.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 48.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
