Positive News Coverage Extremely Likely to Impact Par Pacific Holdings (NASDAQ:PARR) Stock Price
Media stories about Par Pacific Holdings (NASDAQ:PARR) have been trending positive on Friday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Par Pacific Holdings earned a news impact score of 0.50 on Accern’s scale. Accern also assigned headlines about the company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Separately, Zacks Investment Research raised Par Pacific Holdings from a “sell” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Wednesday, July 19th.
Par Pacific Holdings (NASDAQ:PARR) traded down 0.06% on Friday, hitting $17.27. The stock had a trading volume of 108,506 shares. Par Pacific Holdings has a 52-week low of $12.18 and a 52-week high of $19.41. The company’s 50 day moving average price is $17.81 and its 200 day moving average price is $16.34. The firm has a market cap of $790.79 million and a price-to-earnings ratio of 2467.14.
In related news, major shareholder Whitebox Advisors Llc sold 235,674 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $16.89, for a total value of $3,980,533.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Pate purchased 15,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of $16.83 per share, with a total value of $252,450.00. Following the acquisition, the insider now owns 123,111 shares in the company, valued at approximately $2,071,958.13. The disclosure for this purchase can be found here.
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