Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Chord Energy Corporation shares valued at $273,534 were sold by Peterson Lynn A on Feb 16. At $140.13 per share, Peterson Lynn A sold 1,952 shares. The insider’s holdings dropped to 244,098 shares worth approximately $33.81 million following the completion of this transaction.
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Also, Peterson Lynn A sold 1,048 shares, netting a total of over 146,784 in proceeds. Following the sale of shares at $140.06 each, the insider now holds 246,050 shares.
Before that, Peterson Lynn A had sold 4,685 shares from its account. In a trade valued at $656,228, the Director traded Chord Energy Corporation shares for $140.07 each. Upon closing the transaction, the insider’s holdings decreased to 4,685 shares, worth approximately $34.42 million.
As published in their initiating research note from BofA Securities on January 25, 2023, Chord Energy Corporation [CHRD] has been a Buy and the price target has been revised to $178. This represents a 22.19% premium over Thursday’s closing price. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in early January.
Analyzing CHRD Stock Performance
On Thursday, Chord Energy Corporation [NASDAQ: CHRD] rose 0.87% to $138.50. The stock’s lowest price that day was $135.60, but it reached a high of $139.775 in the same session. During the last five days, there has been a surge of approximately 2.00%. Over the course of the year, Chord Energy Corporation shares have jumped approximately 1.24%. Shares of the company reached a 52-week high of $151.18 on 01/27/23 and a 52-week low of $125.57 on 01/05/23. A 50-day SMA is recorded $137.11, while a 200-day SMA reached $139.53. Nevertheless, trading volume fell to 0.53 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Chord Energy Corporation (CHRD)
According to the 24-hour chart, there is a support level at 136.14, which, if violated, would cause prices to drop to 133.79. In the upper region, resistance lies at 140.31. The next price resistance is at 142.13. RSI (Relative Strength Index) is 51.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 31.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Chord Energy Corporation subject to short interest?
Stocks of Chord Energy Corporation saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.2 million shares to 1.48 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 1.28 million shares. A jump of 13.51% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.67 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.67.
Which companies own the most shares of Chord Energy Corporation (CHRD)?
According to The Vanguard Group, Inc. filings, the company currently owns 3,961,957 shares, which is about 9.52% of the total CHRD shares outstanding. The investor’s shares have appreciated by 111,603 from its previous 13-F filing of 3850354.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $512,518,124. Wellington Management Co. LLP reduced a -4.86% interest valued at $416.26 million while BlackRock Fund Advisors purchased a 63,345 stake. A total of 98,664 shares of Chord Energy Corporation were bought by SSgA Funds Management, Inc. during the quarter, and -7,709 were sold by Fuller & Thaler Asset Management,. In its current portfolio, Jennison Associates LLC holds 938,734 shares valued at $134.55 million.