The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $3.36 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 $26.71 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 2.04%. Over the course of the year, Exxon Mobil Corp. shares have jumped approximately 21.07%. Shares of the company reached a 52-week high of $123.75 on 04/12/24 and a 52-week low of $95.77 on 01/22/24. A 50-day SMA is recorded $112.33, while a 200-day SMA reached $107.75. Nevertheless, trading volume fell to 12.08 million shares from 13.93 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 119.88, which, if violated, would cause prices to drop to 118.70. In the upper region, resistance lies at 121.74. The next price resistance is at 122.43. RSI (Relative Strength Index) is 68.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 40.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
