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13.89
1.17%
0.16
After Hours:
13.90
0.010
+0.07%
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Why is Permian Resources Corp (PR) Stock down?
We've noticed a 5.02% decline in Permian Resources Corp (PR) stock during the 2024-09-26 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
04 Oct, 2023:
Shares of Permian Resources Corporation (PR) dropped by 6.25% from $13.44 to $12.60 in the trading on Wednesday October 4, 2023. The PR stock is down due to the stock downgrade rating. On October 4, Keybanc downgraded PR stock from an Overweight rating to Neutral. This decision was based on concerns regarding a potential decrease in travel demand following the post-pandemic surge. This downgrade likely played a role in the sell-off of PR stock, as it made investors more cautious about the company's future prospects.
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