In a filing, Chevron Corp. revealed its VP and Controller Knowles Alana K unloaded Company’s shares for reported $0.45 million on Apr 02 ’24. In the deal valued at $160.09 per share,2,800 shares were sold. As a result of this transaction, Knowles Alana K now holds 276 shares worth roughly $44689.92.
Then, Breber Pierre R sold 25,000 shares, generating $4,100,000 in total proceeds. Upon selling the shares at $164.00, the VP & Chief Financial Officer now owns 6,021 shares.
Before that, GUSTAVSON JEFF B sold 3,750 shares. Chevron Corp. shares valued at $603,300 were divested by the Vice President at a price of $160.88 per share. As a result of the transaction, GUSTAVSON JEFF B now holds 1,718 shares, worth roughly $0.28 million.
Scotiabank upgraded its Chevron Corp. [CVX] rating to a Sector outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. DZ Bank also remained covering CVX and has decreased its forecast on February 06, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen revised its rating on January 23, 2024. It rated CVX as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of CVX
On Monday, Chevron Corp. [NYSE:CVX] saw its stock jump 1.20% to $161.92. Over the last five days, the stock has gained 2.75%. Chevron Corp. shares have risen nearly 8.55% since the year began. Nevertheless, the stocks have fallen -4.67% over the past one year. While a 52-week high of $172.38 was reached on 04/12/24, a 52-week low of $139.62 was recorded on 01/18/24. SMA at 50 days reached $155.45, while 200 days put it at $155.00. A total of 6.43 million shares were traded, compared to the trading of 7.73 million shares in the previous session.
Levels Of Support And Resistance For CVX Stock
The 24-hour chart illustrates a support level at 159.34, which if violated will result in even more drops to 156.76. On the upside, there is a resistance level at 163.60. A further resistance level may holdings at 165.28. The Relative Strength Index (RSI) on the 14-day chart is 62.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.08%. Stochastics %K at 52.19% indicates the stock is a holding.
