Traynor Capital Management Inc. Takes Position in Prairie Operating Co. (NASDAQ:PROP)

Traynor Capital Management Inc. purchased a new position in Prairie Operating Co. (NASDAQ:PROP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,088 shares of the company’s stock, valued at approximately $146,000. Traynor Capital Management Inc. owned 0.09% of Prairie Operating as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of PROP. Geode Capital Management LLC lifted its position in shares of Prairie Operating by 16.5% during the third quarter. Geode Capital Management LLC now owns 121,966 shares of the company’s stock worth $1,069,000 after purchasing an additional 17,290 shares during the last quarter. State Street Corp increased its stake in Prairie Operating by 56.4% in the 3rd quarter. State Street Corp now owns 62,041 shares of the company’s stock worth $543,000 after buying an additional 22,384 shares during the period. Bank of New York Mellon Corp bought a new stake in Prairie Operating during the 2nd quarter valued at about $208,000. Navigation Wealth Management Inc. purchased a new stake in Prairie Operating in the 4th quarter valued at about $83,000. Finally, JPMorgan Chase & Co. grew its stake in Prairie Operating by 163.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company’s stock worth $61,000 after acquiring an additional 4,321 shares in the last quarter. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Trading Down 2.8 %

Shares of PROP stock opened at $8.54 on Friday. Prairie Operating Co. has a twelve month low of $4.91 and a twelve month high of $16.08. The stock has a fifty day simple moving average of $7.57 and a two-hundred day simple moving average of $8.53.

Wall Street Analyst Weigh In

Separately, Singular Research raised shares of Prairie Operating to a “moderate buy” rating in a research note on Monday, October 7th.

About Prairie Operating

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.