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|Comstock Resources, Inc. Breaks Above 200-Day Moving Average - Bullish for CRK
Friday, September 13, 4:11 PM ET, by Market News Video Staff
In trading on Friday, shares of Comstock Resources, Inc. (CRK) crossed above their 200 day ...
Approach Resources Inc Breaks Above 200-Day Moving Average - Bullish for AREX
Thursday, September 19, 11:43 AM ET, by Market News Video Staff
In trading on Thursday, shares of Approach Resources Inc (AREX) crossed above their 200 day ...
CJES Makes Notable Cross Below Critical Moving Average
Tuesday, September 24, 1:45 PM ET, by Market News Video Staff
In trading on Tuesday, shares of C&J Energy Services Inc. (CJES) crossed below their 200 ...
Northern Oil & Gas Inc (NOG) Shares Cross Above 200 DMA
Thursday, September 26, 11:50 AM ET, by Market News Video Staff
In trading on Thursday, shares of Northern Oil & Gas Inc (NOG) crossed above their ...
Notable Two Hundred Day Moving Average Cross - PES
Thursday, October 3, 11:17 AM ET, by Market News Video Staff
In trading on Thursday, shares of Pioneer Energy Services Corp (PES) crossed below their 200 ...
Land This Bargain Energy Stock Even Cheaper Than CEO Locke Did
By Energy Stock Channel Staff, Monday, November 12, 4:11 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 6, Pioneer Energy Services Corp's CEO, Stacy Locke, invested $640,536.60 into 100,000 shares of PES, for a cost per share of $6.41. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Monday, bargain hunters could buy shares of Pioneer Energy Services Corp (NYSE:PES) and achieve a cost basis even cheaper than Locke, with shares changing hands as low as $6.39 per share. Pioneer Energy Services Corp shares are currently trading down about 0.8% on the day. The chart below shows the one year performance of PES shares, versus its 200 day moving average:
Looking at the chart above, PES's low point in its 52 week range is $6.27 per share, with $12.10 as the 52 week high point — that compares with a last trade of $6.39. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
||President & CEO
According to the ETF Finder at ETF Channel, PES makes up 2.34% of the S&P SmallCap Energy Portfolio ETF (NASDAQ:PSCE) which is trading up by about 0.3% on the day Monday.
See what other ETFs contain PES »
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