Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ProPetro Holding Corp shares valued at $30,870 were purchased by SCHORLEMER DAVID SCOTT on Nov 04 ’24. At $6.86 per share, SCHORLEMER DAVID SCOTT acquired 4,500 shares. The insider’s holdings grew to 112,992 shares worth approximately $0.84 million following the completion of this transaction.
Also, Vion Michele sold 5,000 shares, netting a total of over 41,300 in proceeds. Following the sale of shares at $8.26 each, the insider now holds 34,006 shares.
Before that, Vion Michele had added 5,000 shares to its account. In a trade valued at $41,275, the Director bought ProPetro Holding Corp shares for $8.26 each.
As published in a research note from JP Morgan on December 06, 2024, ProPetro Holding Corp [PUMP] has been rated up from an Underweight to a Neutral and the price target has been revised to $10. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid January. As of July 19, 2023, The Benchmark Company has increased its “Hold” rating to a “Buy” for PUMP. Earlier on January 19, 2023, The Benchmark Company initiated its rating. Their recommendation was “a Hold” for PUMP stock.
Analyzing PUMP Stock Performance
During the last five days, there has been a drop of approximately -12.51%. Over the course of the year, ProPetro Holding Corp shares have dropped approximately -20.58%. Shares of the company reached a 52-week high of $11.17 on 01/17/25 and a 52-week low of $6.96 on 03/04/25. A 50-day SMA is recorded $9.29, while a 200-day SMA reached $8.57.
Support And Resistance Levels for ProPetro Holding Corp (PUMP)
According to the 24-hour chart, there is a support level at 7.20, which, if violated, would cause prices to drop to 7.00. In the upper region, resistance lies at 7.54. The next price resistance is at 7.67. RSI (Relative Strength Index) is 26.94 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.95, which suggests the price will decrease in the coming days. Percent R is at 82.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
