Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pioneer Natural Resources Co. shares valued at $522,242 were sold by GOBE PHILLIP A on Mar 28 ’24. At $261.12 per share, GOBE PHILLIP A sold 2,000 shares. The insider’s holdings dropped to 11,132 shares worth approximately $3.06 million following the completion of this transaction.
Also, Washburn Christopher L sold 1,416 shares, netting a total of over 369,512 in proceeds. Following the sale of shares at $260.95 each, the insider now holds 4,990 shares.
Before that, KLEINMAN MARK H had sold 4,350 shares from its account. In a trade valued at $1,105,248, the EVP & General Counsel traded Pioneer Natural Resources Co. shares for $254.08 each. Upon closing the transaction, the insider’s holdings decreased to 4,350 shares, worth approximately $12.52 million.
As published in a research note from Argus on November 24, 2023, Pioneer Natural Resources Co. [PXD] has been rated down from a Buy to a Sell. Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid October. As of October 16, 2023, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for PXD. Earlier on August 16, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for PXD stock which previously was a “a Neutral”.
Analyzing PXD Stock Performance
During the last five days, there has been a surge of approximately 2.68%. Over the course of the year, Pioneer Natural Resources Co. shares have jumped approximately 23.04%. Shares of the company reached a 52-week high of $278.83 on 04/12/24 and a 52-week low of $214.23 on 01/22/24. A 50-day SMA is recorded $253.68, while a 200-day SMA reached $236.58. Nevertheless, trading volume fell to 1.79 million shares from 1.56 million shares the previous day.
Support And Resistance Levels for Pioneer Natural Resources Co. (PXD)
According to the 24-hour chart, there is a support level at 272.39, which, if violated, would cause prices to drop to 269.64. In the upper region, resistance lies at 277.63. The next price resistance is at 280.11. RSI (Relative Strength Index) is 71.40 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.49, which suggests the price will increase in the coming days. Percent R is at 25.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
