Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Exxon Mobil Corp. shares valued at $288,730 were sold by Talley Darrin L on Apr 29 ’24. At $119.01 per share, Talley Darrin L sold 2,426 shares. The insider’s holdings dropped to 25,363 shares worth approximately $2.94 million following the completion of this transaction.
Also, Talley Darrin L sold 2,400 shares, netting a total of over 271,980 in proceeds. Following the sale of shares at $113.33 each, the insider now holds 27,789 shares.
Before that, Talley Darrin L had sold 2,400 shares from its account. In a trade valued at $252,000, the Vice President traded Exxon Mobil Corp. shares for $105.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,400 shares, worth approximately $3.5 million.
As published in a research note from TD Cowen on April 30, 2024, Exxon Mobil Corp. [XOM] has been retained to a Buy and the price target has been revised to $135. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early April. As of April 01, 2024, TD Cowen has reiterated its “Buy” rating for XOM. Earlier on January 23, 2024, TD Cowen upgraded its rating. Their new recommendation was “an Outperform” for XOM stock which previously was a “a Market perform”.
Analyzing XOM Stock Performance
During the last five days, there has been a drop of approximately -4.15%. Over the course of the year, Exxon Mobil Corp. shares have jumped approximately 16.05%. 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 $113.95, while a 200-day SMA reached $108.12. Nevertheless, trading volume fell to 27.76 million shares from 21.08 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 114.97, which, if violated, would cause prices to drop to 113.91. In the upper region, resistance lies at 117.78. The next price resistance is at 119.53. RSI (Relative Strength Index) is 43.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.42, which suggests the price will decrease in the coming days. Percent R is at 95.43%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
