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. Flowco Holdings Inc shares valued at $103,200 were purchased by Lambert Joel Christian on Jan 17 ’25. At $24.00 per share, Lambert Joel Christian acquired 4,300 shares. The insider’s holdings grew to 16,800 shares worth approximately $0.41 million following the completion of this transaction.
Also, Byers Jonathan W. purchased 12,000 shares, netting a total of over 288,000 in proceeds. Following the buying of shares at $24.00 each, the insider now holds 62,208 shares.
Before that, EDWARDS JOSEPH R had added 50,000 shares to its account. In a trade valued at $1,200,000, the President and CEO bought Flowco Holdings Inc shares for $24.00 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $4.52 million.
As published in their initiating research note from Piper Sandler on February 10, 2025, Flowco Holdings Inc [FLOC] has been an Overweight and the price target has been revised to $34. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in early February. As of February 10, 2025, Jefferies has initiated its “Buy” rating for FLOC. Earlier on February 10, 2025, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for FLOC stock.
Analyzing FLOC Stock Performance
During the last five days, there has been a surge of approximately 7.09%. Over the course of the year, Flowco Holdings Inc shares have dropped approximately -17.58%.
Support And Resistance Levels for Flowco Holdings Inc (FLOC)
According to the 24-hour chart, there is a support level at 23.96, which, if violated, would cause prices to drop to 23.45. In the upper region, resistance lies at 24.84. The next price resistance is at 25.21. RSI (Relative Strength Index) is 46.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.99, which suggests the price will decrease in the coming days. Percent R is at 41.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
