Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ProPetro Holding Corp shares valued at $74,912 were sold by Lawrence G Larry on Mar 07 ’25. At $7.39 per share, Lawrence G Larry sold 10,137 shares. The insider’s holdings dropped to 44,892 shares worth approximately $0.23 million following the completion of this transaction.
Also, Lawrence G Larry purchased 10,137 shares, netting a total of over 74,920 in proceeds.
Before that, SCHORLEMER DAVID SCOTT had added 4,500 shares to its account. In a trade valued at $30,870, the Chief Financial Officer bought ProPetro Holding Corp shares for $6.86 each. Upon closing the transaction, the insider’s holdings increased to 4,500 shares, worth approximately $0.59 million.
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 surge of approximately 0.19%. Over the course of the year, ProPetro Holding Corp shares have dropped approximately -44.27%. Shares of the company reached a 52-week high of $11.17 on 01/17/25 and a 52-week low of $4.61 on 04/09/25. A 50-day SMA is recorded $7.01, while a 200-day SMA reached $8.11.
Support And Resistance Levels for ProPetro Holding Corp (PUMP)
According to the 24-hour chart, there is a support level at 5.06, which, if violated, would cause prices to drop to 4.92. In the upper region, resistance lies at 5.32. The next price resistance is at 5.44. RSI (Relative Strength Index) is 38.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 57.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
