Corteva Inc’s filing revealed that its insider Eathington Samuel R acquired Company’s shares for reported $50401.0 on Nov 28 ’23. In the deal valued at $46.07 per share,1,094 shares were bought. As a result of this transaction, Eathington Samuel R now holds 41,066 shares worth roughly $2.33 million.
Then, GLENN TIMOTHY P bought 4,000 shares, generating $183,944 in total proceeds. Upon buying the shares at $45.99, the EVP, Seed Business Unit now owns 163,121 shares.
Before that, King Robert D. bought 640 shares. Corteva Inc shares valued at $29,933 were divested by the EVP, Crop Protection Business at a price of $46.77 per share. As a result of the transaction, King Robert D. now holds 59,701 shares, worth roughly $3.39 million.
Wolfe Research initiated its Corteva Inc [CTVA] rating to an Outperform in a research note published on March 01, 2024; the price target was $67. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in mid February from “a Hold” to “a Buy”. Exane BNP Paribas also remained covering CTVA and has increased its forecast on February 02, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Berenberg revised its rating on November 27, 2023. It rated CTVA as “a Hold” which previously was an “a Buy”.
Price Performance Review of CTVA
On Friday, Corteva Inc [NYSE:CTVA] saw its stock fall -0.18% to $56.85. Over the last five days, the stock has lost -1.42%. Corteva Inc shares have risen nearly 18.64% since the year began. Nevertheless, the stocks have fallen -5.88% over the past one year. While a 52-week high of $63.37 was reached on 03/28/24, a 52-week low of $43.22 was recorded on 01/19/24. SMA at 50 days reached $53.95, while 200 days put it at $51.19. A total of 2.23 million shares were traded, compared to the trading of 3.03 million shares in the previous session.
Levels Of Support And Resistance For CTVA Stock
The 24-hour chart illustrates a support level at 56.39, which if violated will result in even more drops to 55.93. On the upside, there is a resistance level at 57.18. A further resistance level may holdings at 57.51. The Relative Strength Index (RSI) on the 14-day chart is 62.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.64%. Stochastics %K at 71.09% indicates the stock is a holding.
How much short interest is there in Corteva Inc?
A steep rise in short interest was recorded in Corteva Inc stocks on Mar 15, 2024, growing by 1.22 million shares to a total of 8.45 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.23 million shares. There was a rise of 14.44%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.37% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.31.
