In a filing, Devon Energy Corp. revealed its President and CEO Muncrief Richard E acquired Company’s shares for reported $0.67 million on Mar 04 ’24. In the deal valued at $44.42 per share,15,000 shares were bought. As a result of this transaction, Muncrief Richard E now holds 1,973,006 shares worth roughly $99.72 million.
Then, CAMERON DENNIS C sold 7,870 shares, generating $402,393 in total proceeds. Upon selling the shares at $51.13, the EVP and General Counsel now owns 210,548 shares.
Barclays initiated its Devon Energy Corp. [DVN] rating to an Equal weight in a research note published on April 10, 2024; the price target was $59. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early April from “an Equal weight” to “an Overweight”. Morgan Stanley also remained covering DVN and has increased its forecast on December 11, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. JP Morgan revised its rating on December 06, 2023. It rated DVN as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of DVN
On Friday, Devon Energy Corp. [NYSE:DVN] saw its stock jump 0.40% to $50.54. Over the last five days, the stock has lost -4.12%. Devon Energy Corp. shares have risen nearly 12.09% since the year began. Nevertheless, the stocks have risen 6.66% over the past one year. While a 52-week high of $55.09 was reached on 04/12/24, a 52-week low of $40.28 was recorded on 02/05/24. SMA at 50 days reached $49.49, while 200 days put it at $47.39. A total of 8.95 million shares were traded, compared to the trading of 13.27 million shares in the previous session.
Levels Of Support And Resistance For DVN Stock
The 24-hour chart illustrates a support level at 50.03, which if violated will result in even more drops to 49.53. On the upside, there is a resistance level at 51.17. A further resistance level may holdings at 51.81. The Relative Strength Index (RSI) on the 14-day chart is 45.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.66%. Stochastics %K at 15.78% indicates the stock is a buying.
