The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Select Water Solutions Inc shares valued at $957,054 were sold by Schmitz John on Feb 14 ’25. At $13.03 per share, Schmitz John sold 73,450 shares. The insider’s holdings dropped to 2,825,128 shares worth approximately $26.47 million following the completion of this transaction.
Also, Schmitz John sold 26,550 shares, netting a total of over 349,289 in proceeds. Following the sale of shares at $13.16 each, the insider now holds 2,898,578 shares.
Before that, B-29 Investments, LP had added 100,000 shares to its account. In a trade valued at $1,311,000, the Affiliate bought Select Water Solutions Inc shares for $13.11 each.
As published in a research note from Northland Capital on August 22, 2024, Select Water Solutions Inc [WTTR] has been rated up from a Market perform to an Outperform and the price target has been revised to $14.50. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of April 22, 2024, Northland Capital has initiated its “Market perform” rating for WTTR. Earlier on March 23, 2023, Raymond James initiated its rating. Their recommendation was “a Strong buy” for WTTR stock.
Analyzing WTTR Stock Performance
During the last five days, there has been a drop of approximately -7.68%. Over the course of the year, Select Water Solutions Inc shares have dropped approximately -29.23%. Shares of the company reached a 52-week high of $14.65 on 01/16/25 and a 52-week low of $9.23 on 03/13/25. A 50-day SMA is recorded $12.62, while a 200-day SMA reached $11.87.
Support And Resistance Levels for Select Water Solutions Inc (WTTR)
According to the 24-hour chart, there is a support level at 9.15, which, if violated, would cause prices to drop to 8.92. In the upper region, resistance lies at 9.68. The next price resistance is at 9.98. RSI (Relative Strength Index) is 18.99 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.31, which suggests the price will decrease in the coming days. Percent R is at 95.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
