Chevron Corp.’s recently made public that its Director HERNANDEZ ENRIQUE JR unloaded Company’s shares for reported $0.83 million on May 06 ’24. In the deal valued at $163.50 per share,5,098 shares were sold. As a result of this transaction, HERNANDEZ ENRIQUE JR now holds 2,549 shares worth roughly $0.41 million.
Then, HERNANDEZ ENRIQUE JR sold 2,549 shares, generating $410,389 in total proceeds. Upon selling the shares at $161.00, the Director now owns 7,647 shares.
Before that, Knowles Alana K sold 2,800 shares. Chevron Corp. shares valued at $462,000 were divested by the VP and Controller at a price of $165.00 per share. As a result of the transaction, Knowles Alana K now holds 276 shares, worth roughly $44794.8.
TD Cowen reiterated its Chevron Corp. [CVX] rating to a Hold in a research note published on April 29, 2024; the price target was $160. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid April from “a Sector perform” to “a Sector outperform”. Barclays began covering CVX with “an Overweight” recommendation on April 10, 2024. DZ Bank revised its rating on February 06, 2024. It rated CVX as “a Hold” which previously was an “a Buy”.
Price Performance Review of CVX
On Monday, Chevron Corp. [NYSE:CVX] saw its stock jump 1.28% to $162.30. Over the last five days, the stock has lost -2.42%. Chevron Corp. shares have risen nearly 8.81% since the year began. Nevertheless, the stocks have risen 3.89% over the past one year. While a 52-week high of $171.70 was reached on 04/29/24, a 52-week low of $139.62 was recorded on 01/18/24. SMA at 50 days reached $157.34, while 200 days put it at $155.36. A total of 8.32 million shares were traded, compared to the trading of 11.66 million shares in the previous session.
Levels Of Support And Resistance For CVX Stock
The 24-hour chart illustrates a support level at 160.68, which if violated will result in even more drops to 159.06. On the upside, there is a resistance level at 163.97. A further resistance level may holdings at 165.64. The Relative Strength Index (RSI) on the 14-day chart is 55.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.94%. Stochastics %K at 48.27% indicates the stock is a holding.
