Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Crescent Energy Co. shares valued at $64,440,000 were sold by KKR Group Partnership L.P. on Apr 01 ’24. At $10.74 per share, KKR Group Partnership L.P. sold 6,000,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Independence Energy Aggregator sold 6,000,000 shares, netting a total of over 64,440,000 in proceeds. Following the sale of shares at $10.74 each, the insider now holds 0 shares.
Before that, Kendall Brandi had added 488 shares to its account. In a trade valued at $5,407, the insider bought Crescent Energy Co. shares for $11.08 each. Upon closing the transaction, the insider’s holdings increased to 488 shares, worth approximately $0.23 million.
As published in their initiating research note from Tudor Pickering Holt & Co. on April 10, 2024, Crescent Energy Co. [CRGY] has been a Buy and the price target has been revised to $18. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 05, 2023, Raymond James has initiated its “Strong buy” rating for CRGY. Earlier on December 01, 2023, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for CRGY stock.
Analyzing CRGY Stock Performance
During the last five days, there has been a drop of approximately -2.53%. Over the course of the year, Crescent Energy Co. shares have dropped approximately -18.47%. Shares of the company reached a 52-week high of $13.31 on 01/02/24 and a 52-week low of $10.27 on 02/05/24. A 50-day SMA is recorded $11.26, while a 200-day SMA reached $11.77. Nevertheless, trading volume fell to 2.0 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Crescent Energy Co. (CRGY)
According to the 24-hour chart, there is a support level at 10.57, which, if violated, would cause prices to drop to 10.36. In the upper region, resistance lies at 10.96. The next price resistance is at 11.14. RSI (Relative Strength Index) is 38.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 86.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
