Conoco Phillips (COP) Becoming More Attractive for Investors

Conoco Phillips’s recently made public that its Director LEACH TIMOTHY A unloaded Company’s shares for reported $5.04 million on Nov 09. In the deal valued at $114.64 per share,44,000 shares were sold. As a result of this transaction, LEACH TIMOTHY A now holds 578,748 shares worth roughly $64.3 million.

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Then, LUNDQUIST ANDREW D sold 30,800 shares, generating $3,813,825 in total proceeds. Upon selling the shares at $123.83, the Senior Vice President now owns 5,937 shares.

Before that, Mulligan Sharmila sold 1,849 shares. Conoco Phillips shares valued at $231,476 were divested by the Director at a price of $125.19 per share. As a result of the transaction, Mulligan Sharmila now holds 0 shares, worth roughly $0.0.

Johnson Rice downgraded its Conoco Phillips [COP] rating to a Hold from a a Accumulate in a research note published on Monday.

Price Performance Review of COP

On Monday, Conoco Phillips [NYSE:COP] saw its stock fall -0.05% to $111.10. Over the last five days, the stock has gained 1.03%. Conoco Phillips shares have fallen nearly -4.28% since the year began. Nevertheless, the stocks have risen 2.81% over the past one year. While a 52-week high of $127.35 was reached on 01/04/24, a 52-week low of $89.98 was recorded on 01/18/24. SMA at 50 days reached $113.03, while 200 days put it at $112.51. A total of 5.8 million shares were traded, compared to the trading of 5.97 million shares in the previous session.

Levels Of Support And Resistance For COP Stock

The 24-hour chart illustrates a support level at 110.37, which if violated will result in even more drops to 109.65. On the upside, there is a resistance level at 111.98. A further resistance level may holdings at 112.87. The Relative Strength Index (RSI) on the 14-day chart is 47.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.99%. Stochastics %K at 56.06% indicates the stock is a holding.

How much short interest is there in Conoco Phillips?

A steep rise in short interest was recorded in Conoco Phillips stocks on Jan 31, 2024, dropping by -1.08 million shares to a total of 11.96 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 13.04 million shares. There was a decline of -9.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.02% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.26.

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