KD Logo

A company insider recently bought 1,094 shares of Corteva Inc [CTVA]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Corteva Inc shares valued at $50,401 were purchased by Eathington Samuel R on Nov 28 ’23. At $46.07 per share, Eathington Samuel R acquired 1,094 shares. The insider’s holdings grew to 41,066 shares worth approximately $2.21 million following the completion of this transaction.

Also, GLENN TIMOTHY P purchased 4,000 shares, netting a total of over 183,944 in proceeds. Following the buying of shares at $45.99 each, the insider now holds 163,121 shares.

Before that, King Robert D. had added 640 shares to its account. In a trade valued at $29,933, the EVP, Crop Protection Business bought Corteva Inc shares for $46.77 each. Upon closing the transaction, the insider’s holdings increased to 640 shares, worth approximately $3.22 million.

As published in a research note from JP Morgan on April 12, 2024, Corteva Inc [CTVA] has been rated down from an Overweight to a Neutral and the price target has been revised to $57 from $58. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in early March. As of February 12, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for CTVA. Earlier on February 02, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “a Neutral” for CTVA stock which previously was a “an Underperform”.

Analyzing CTVA Stock Performance

During the last five days, there has been a drop of approximately -1.57%. Over the course of the year, Corteva Inc shares have jumped approximately 12.50%. Shares of the company reached a 52-week high of $58.18 on 03/28/24 and a 52-week low of $44.01 on 01/19/24. A 50-day SMA is recorded $55.21, while a 200-day SMA reached $51.06. Nevertheless, trading volume fell to 3.16 million shares from 3.23 million shares the previous day.

Support And Resistance Levels for Corteva Inc (CTVA)

According to the 24-hour chart, there is a support level at 53.46, which, if violated, would cause prices to drop to 53.02. In the upper region, resistance lies at 54.54. The next price resistance is at 55.18. RSI (Relative Strength Index) is 41.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 71.14%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular

[the_ad id="945"]