Finance

Are Investors Buying or Selling RPC, Inc. (RES), and What Should You Do?

Recent insider trends for RPC, Inc. (NYSE:RES) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on RES is anything to go by, investors should pay attention.

Institutions own 37.81% of RPC, Inc. (RES)’s shares. The total value of these holdings, in millions, is $1,987. Among active positions in the latest quarter, 100 holders increased their positions by a total of 14.15 million shares, 123 holders decreased the positions by a total of 15.36 million shares, and 40 holders held their positions. This works out to a net decrease in ownership of 1.22 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 39 holders initiated new positions by a total of 5.86 million shares and 37 holders exited their positions by a total of 4.33 million shares. This nets out to an increase of 1.53 million shares and is a bullish sign for RES.

In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 5000 shares, which suggests that RES’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 5 buys and 17 sells, and ownership increased by a net of 38173 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. RPC, Inc. (NYSE:RES)’s short interest is 23.15 million shares, or 33.13% of the float. This represents a decrease of -3% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that RES is a Weak buy, which implies that RES is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that RPC, Inc. (NYSE:RES) is undervalued.

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