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Exxon Mobil Corp. [XOM] Investment Appeal on the Rise

Exxon Mobil Corp.’s filing revealed that its Vice President Talley Darrin L unloaded Company’s shares for reported $0.27 million on Mar 19 ’24. In the deal valued at $113.33 per share,2,400 shares were sold. As a result of this transaction, Talley Darrin L now holds 27,789 shares worth roughly $3.28 million.

Then, Talley Darrin L sold 2,400 shares, generating $252,000 in total proceeds. Upon selling the shares at $105.00, the Vice President now owns 30,189 shares.

Before that, Fox Leonard M. sold 12,000 shares. Exxon Mobil Corp. shares valued at $1,231,800 were divested by the Vice President and Controller at a price of $102.65 per share. As a result of the transaction, Fox Leonard M. now holds 220,678 shares, worth roughly $26.03 million.

Barclays initiated its Exxon Mobil Corp. [XOM] rating to an Overweight in a research note published on April 10, 2024; the price target was $147. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early April has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering XOM and has increased its forecast on January 23, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Redburn Atlantic revised its rating on January 09, 2024. It rated XOM as “a Buy” which previously was an “a Neutral”.

Price Performance Review of XOM

On Friday, Exxon Mobil Corp. [NYSE:XOM] saw its stock fall -2.78% to $117.96. Over the last five days, the stock has lost -1.60%. Exxon Mobil Corp. shares have risen nearly 17.98% since the year began. Nevertheless, the stocks have risen 2.17% over the past one year. While a 52-week high of $123.75 was reached on 04/12/24, a 52-week low of $95.77 was recorded on 01/22/24. SMA at 50 days reached $113.08, while 200 days put it at $107.88. A total of 26.76 million shares were traded, compared to the trading of 0.73 million shares in the previous session.

Levels Of Support And Resistance For XOM Stock

The 24-hour chart illustrates a support level at 116.42, which if violated will result in even more drops to 114.88. On the upside, there is a resistance level at 119.30. A further resistance level may holdings at 120.64. The Relative Strength Index (RSI) on the 14-day chart is 50.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.89%. Stochastics %K at 48.63% indicates the stock is a holding.

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