Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CVR Energy Inc shares valued at $144,320,000 were sold by ICAHN CARL C on Sep 11 ’23. At $35.20 per share, ICAHN CARL C sold 4,100,000 shares. The insider’s holdings dropped to 66,692,381 shares worth approximately $1.79 billion following the completion of this transaction.
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Also, ICAHN CARL C sold 9,529 shares, netting a total of over 316,935 in proceeds. Following the sale of shares at $33.26 each, the insider now holds 70,792,381 shares.
Before that, ICAHN CARL C had sold 127,304 shares from its account. In a trade valued at $4,404,718, the 10% Owner traded CVR Energy Inc shares for $34.60 each. Upon closing the transaction, the insider’s holdings decreased to 127,304 shares, worth approximately $1.9 billion.
As published in a research note from Scotiabank on January 16, 2024, CVR Energy Inc [CVI] has been rated down from a Sector perform to a Sector underperform. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of September 15, 2022, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for CVI. Earlier on January 13, 2022, Scotiabank upgraded its rating. Their new recommendation was “a Sector perform” for CVI stock which previously was a “a Sector underperform”.
Analyzing CVI Stock Performance
During the last five days, there has been a drop of approximately -2.51%. Over the course of the year, CVR Energy Inc shares have dropped approximately -11.62%. Shares of the company reached a 52-week high of $38.07 on 04/03/24 and a 52-week low of $26.33 on 06/06/24. A 50-day SMA is recorded $31.62, while a 200-day SMA reached $32.43. Nevertheless, trading volume fell to 0.83 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for CVR Energy Inc (CVI)
According to the 24-hour chart, there is a support level at 26.45, which, if violated, would cause prices to drop to 26.13. In the upper region, resistance lies at 26.98. The next price resistance is at 27.19. RSI (Relative Strength Index) is 26.98 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.68, which suggests the price will decrease in the coming days. Percent R is at 89.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
