Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Corteva Inc shares valued at $687,338 were sold by TITUS BRIAN on May 06 ’24. At $56.65 per share, TITUS BRIAN sold 12,134 shares. The insider’s holdings dropped to 13,495 shares worth approximately $0.77 million following the completion of this transaction.
Also, Eathington Samuel R purchased 1,094 shares, netting a total of over 50,401 in proceeds. Following the buying of shares at $46.07 each, the insider now holds 41,066 shares.
Before that, GLENN TIMOTHY P had added 4,000 shares to its account. In a trade valued at $183,944, the EVP, Seed Business Unit bought Corteva Inc shares for $45.99 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $9.27 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 surge of approximately 5.40%. Over the course of the year, Corteva Inc shares have jumped approximately 18.57%. 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 $55.43, while a 200-day SMA reached $51.08. Nevertheless, trading volume fell to 4.29 million shares from 3.21 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 56.54, which, if violated, would cause prices to drop to 56.26. In the upper region, resistance lies at 57.37. The next price resistance is at 57.92. RSI (Relative Strength Index) is 56.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.33, which suggests the price will increase in the coming days. Percent R is at 25.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
