Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sable Offshore Corp shares valued at $3,648,358 were sold by Pilgrim Global ICAV on Apr 17 ’25. At $25.37 per share, Pilgrim Global ICAV sold 143,806 shares. The insider’s holdings dropped to 10,100,569 shares worth approximately $198.07 million following the completion of this transaction.
Also, Pilgrim Global ICAV purchased 750,000 shares, netting a total of over 15,000,000 in proceeds. Following the buying of shares at $20.00 each, the insider now holds 8,791,001 shares.
Before that, Pilgrim Global ICAV had added 41,000 shares to its account. In a trade valued at $633,450, the 10% Owner bought Sable Offshore Corp shares for $15.45 each. Upon closing the transaction, the insider’s holdings increased to 41,000 shares, worth approximately $157.68 million.
As published in their initiating research note from ROTH MKM on March 27, 2025, Sable Offshore Corp [SOC] has been a Buy and the price target has been revised to $30. Analysts at Pickering Energy Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of November 05, 2024, Johnson Rice has initiated its “Buy” rating for SOC. Earlier on October 08, 2024, BWS Financial initiated its rating. Their recommendation was “a Sell” for SOC stock.
Analyzing SOC Stock Performance
Over the course of the year, Sable Offshore Corp shares have dropped approximately -14.37%. Shares of the company reached a 52-week high of $32.33 on 02/19/25 and a 52-week low of $16.26 on 04/09/25. A 50-day SMA is recorded $24.23, while a 200-day SMA reached $21.74.
Support And Resistance Levels for Sable Offshore Corp (SOC)
According to the 24-hour chart, there is a support level at 18.81, which, if violated, would cause prices to drop to 18.00. In the upper region, resistance lies at 20.21. The next price resistance is at 20.80. RSI (Relative Strength Index) is 43.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 24.72%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
