Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exxon Mobil Corp. shares valued at $271,980 were sold by Talley Darrin L on Mar 19 ’24. At $113.33 per share, Talley Darrin L sold 2,400 shares. The insider’s holdings dropped to 27,789 shares worth approximately $3.4 million following the completion of this transaction.
Also, Talley Darrin L sold 2,400 shares, netting a total of over 252,000 in proceeds. Following the sale of shares at $105.00 each, the insider now holds 30,189 shares.
Before that, Fox Leonard M. had sold 12,000 shares from its account. In a trade valued at $1,231,800, the Vice President and Controller traded Exxon Mobil Corp. shares for $102.65 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $26.97 million.
As published in their initiating research note from Barclays on April 10, 2024, Exxon Mobil Corp. [XOM] has been an Overweight and the price target has been revised to $147. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early April. As of January 23, 2024, TD Cowen has increased its “Market perform” rating to a “an Outperform” for XOM. Earlier on January 09, 2024, Redburn Atlantic upgraded its rating. Their new recommendation was “a Buy” for XOM stock which previously was a “a Neutral”.
Analyzing XOM Stock Performance
During the last five days, there has been a surge of approximately 2.43%. Over the course of the year, Exxon Mobil Corp. shares have jumped approximately 22.22%. Shares of the company reached a 52-week high of $122.47 on 04/10/24 and a 52-week low of $95.77 on 01/22/24. A 50-day SMA is recorded $108.87, while a 200-day SMA reached $107.01. Nevertheless, trading volume fell to 17.39 million shares from 14.14 million shares the previous day.
Support And Resistance Levels for Exxon Mobil Corp. (XOM)
According to the 24-hour chart, there is a support level at 121.13, which, if violated, would cause prices to drop to 120.06. In the upper region, resistance lies at 122.87. The next price resistance is at 123.54. RSI (Relative Strength Index) is 82.33 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.65, which suggests the price will increase in the coming days. Percent R is at 2.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Exxon Mobil Corp. subject to short interest?
Stocks of Exxon Mobil Corp. saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.63 million shares to 104.82 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 106.45 million shares. A decline of -1.56% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.97 of the overall float, the days-to-cover ratio (short ratio) decline to 5.97.
