ProFrac Holding Corp’s recent filing unveils that its 10% Owner Wilks Farris acquired Company’s shares for reported $2.35 million on Feb 26 ’25. In the deal valued at $6.93 per share,338,756 shares were bought. As a result of this transaction, Wilks Farris now holds 1,316,534 shares worth roughly $8.49 million.
Then, Wilks Matthew bought 288,756 shares, generating $2,001,079 in total proceeds. Upon buying the shares at $6.93, the Executive Chairman now owns 288,756 shares.
Before that, THRC Holdings, LP bought 353,635 shares. ProFrac Holding Corp shares valued at $2,181,928 were divested by the 10% Owner at a price of $6.17 per share. As a result of the transaction, THRC Holdings, LP now holds 79,197,549 shares, worth roughly $510.82 million.
JP Morgan downgraded its ProFrac Holding Corp [ACDC] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid October from “an Equal-weight” to “an Underweight”. Stifel also remained covering ACDC and has decreased its forecast on October 11, 2024 with a “Hold” recommendation from previously “Buy” rating. Seaport Research Partners revised its rating on January 02, 2024. It rated ACDC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ACDC
On Monday, ProFrac Holding Corp [NASDAQ:ACDC] saw its stock fall -10.22% to $6.45. Over the last five days, the stock has lost -14.39%. ProFrac Holding Corp shares have fallen nearly -16.82% since the year began. Nevertheless, the stocks have fallen -20.70% over the past one year. While a 52-week high of $9.75 was reached on 01/21/25, a 52-week low of $5.16 was recorded on 03/03/25. SMA at 50 days reached $7.73, while 200 days put it at $7.47.
Levels Of Support And Resistance For ACDC Stock
The 24-hour chart illustrates a support level at 6.07, which if violated will result in even more drops to 5.68. On the upside, there is a resistance level at 7.11. A further resistance level may holdings at 7.76. The Relative Strength Index (RSI) on the 14-day chart is 35.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.53%. Stochastics %K at 19.43% indicates the stock is a buying.
