Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Permian Resources Corp shares valued at $3,024,525 were purchased by Quinn William J on Mar 05 ’25. At $12.10 per share, Quinn William J acquired 250,000 shares. The insider’s holdings grew to 1,312,429 shares worth approximately $18.49 million following the completion of this transaction.
Also, Quinn William J purchased 500,000 shares, netting a total of over 6,536,600 in proceeds. Following the buying of shares at $13.07 each, the insider now holds 812,429 shares.
Before that, Quinn William J had added 250,000 shares to its account. In a trade valued at $3,085,850, the Director bought Permian Resources Corp shares for $12.34 each. Upon closing the transaction, the insider’s holdings increased to 250,000 shares, worth approximately $14.97 million.
As published in a research note from Susquehanna on March 05, 2025, Permian Resources Corp [PR] has been rated up from a Neutral to a Positive and the price target has been revised to $20 from $17. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of September 30, 2024, Goldman has initiated its “Buy” rating for PR. Earlier on July 18, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for PR stock.
Analyzing PR Stock Performance
During the last five days, there has been a surge of approximately 5.78%. Over the course of the year, Permian Resources Corp shares have dropped approximately -2.02%. Shares of the company reached a 52-week high of $16.03 on 01/17/25 and a 52-week low of $11.84 on 03/05/25. A 50-day SMA is recorded $14.34, while a 200-day SMA reached $14.63.
Support And Resistance Levels for Permian Resources Corp (PR)
According to the 24-hour chart, there is a support level at 13.70, which, if violated, would cause prices to drop to 13.32. In the upper region, resistance lies at 14.32. The next price resistance is at 14.56. RSI (Relative Strength Index) is 55.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 6.64%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
