Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cactus Inc shares valued at $2,609,000 were sold by Rothstein Bruce M on Nov 19 ’24. At $65.22 per share, Rothstein Bruce M sold 40,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Rothstein Bruce M sold 5,000 shares, netting a total of over 326,125 in proceeds. Following the sale of shares at $65.22 each, the insider now holds 12,177 shares.
Before that, Rothstein Bruce M had added 45,000 shares to its account. In a trade valued at $2,935,125, the Director bought Cactus Inc shares for $65.22 each.
As published in a research note from Barclays on November 04, 2024, Cactus Inc [WHD] has been rated down from an Overweight to an Equal weight and the price target has been revised to $61. Analysts at Citigroup resumed the stock at ‘”a Neutral”‘ outlook in a report released in early July. As of May 31, 2024, Johnson Rice has decreased its “Buy” rating to a “Accumulate” for WHD. Earlier on January 16, 2024, The Benchmark Company downgraded its rating. Their new recommendation was “a Hold” for WHD stock which previously was a “a Buy”.
Analyzing WHD Stock Performance
During the last five days, there has been a drop of approximately -17.10%. Over the course of the year, Cactus Inc shares have dropped approximately -18.76%. Shares of the company reached a 52-week high of $65.35 on 01/17/25 and a 52-week low of $46.01 on 03/05/25. A 50-day SMA is recorded $59.06, while a 200-day SMA reached $58.78.
Support And Resistance Levels for Cactus Inc (WHD)
According to the 24-hour chart, there is a support level at 46.12, which, if violated, would cause prices to drop to 44.83. In the upper region, resistance lies at 48.59. The next price resistance is at 49.78. RSI (Relative Strength Index) is 18.14 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.23, which suggests the price will decrease in the coming days. Percent R is at 90.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
