Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ProFrac Holding Corp shares valued at $2,001,079 were purchased by Wilks Matthew on Feb 26 ’25. At $6.93 per share, Wilks Matthew acquired 288,756 shares. The insider’s holdings grew to 288,756 shares worth approximately $2.07 million following the completion of this transaction.
Also, THRC Holdings, LP purchased 353,635 shares, netting a total of over 2,181,928 in proceeds. Following the buying of shares at $6.17 each, the insider now holds 79,197,549 shares.
Before that, THRC Holdings, LP had added 262,853 shares to its account. In a trade valued at $1,692,773, the 10% Owner bought ProFrac Holding Corp shares for $6.44 each. Upon closing the transaction, the insider’s holdings increased to 262,853 shares, worth approximately $565.31 million.
As published in a research note from JP Morgan on December 06, 2024, ProFrac Holding Corp [ACDC] has been rated down from a Neutral to an Underweight and the price target has been revised to $7. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid October. As of October 11, 2024, Stifel has decreased its “Buy” rating to a “Hold” for ACDC. Earlier on January 02, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for ACDC stock which previously was a “a Buy”.
Analyzing ACDC Stock Performance
During the last five days, there has been a drop of approximately -6.03%. Over the course of the year, ProFrac Holding Corp shares have dropped approximately -7.60%. Shares of the company reached a 52-week high of $9.40 on 01/21/25 and a 52-week low of $6.76 on 02/26/25. A 50-day SMA is recorded $7.76, while a 200-day SMA reached $7.48.
Support And Resistance Levels for ProFrac Holding Corp (ACDC)
According to the 24-hour chart, there is a support level at 6.85, which, if violated, would cause prices to drop to 6.53. In the upper region, resistance lies at 7.44. The next price resistance is at 7.71. RSI (Relative Strength Index) is 43.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 74.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
