In a filing, Coterra Energy Inc revealed its Vice Pres & CAO Roemer Todd M unloaded Company’s shares for reported $1.49 million on Mar 20 ’24. In the deal valued at $27.06 per share,55,000 shares were sold. As a result of this transaction, Roemer Todd M now holds 176,758 shares worth roughly $4.97 million.
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Then, DeShazer Michael D. sold 14,000 shares, generating $364,840 in total proceeds. Upon selling the shares at $26.06, the VP – Business Units now owns 93,988 shares.
Before that, DINGES DAN O sold 68,275 shares. Coterra Energy Inc shares valued at $1,858,446 were divested by the Director at a price of $27.22 per share. As a result of the transaction, DINGES DAN O now holds 3,152,392 shares, worth roughly $88.65 million.
Truist upgraded its Coterra Energy Inc [CTRA] rating to a Buy from a a Hold in a research note published on May 16, 2024; the price target was increased to $35 from $27. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. BofA Securities also remained covering CTRA and has increased its forecast on January 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on December 14, 2023. It rated CTRA as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of CTRA
On Monday, Coterra Energy Inc [NYSE:CTRA] saw its stock jump 1.96% to $28.12. Over the last five days, the stock has gained 1.41%. Coterra Energy Inc shares have risen nearly 10.19% since the year began. Nevertheless, the stocks have risen 14.54% over the past one year. While a 52-week high of $29.89 was reached on 04/04/24, a 52-week low of $23.60 was recorded on 02/14/24. SMA at 50 days reached $27.87, while 200 days put it at $26.82. A total of 6.26 million shares were traded, compared to the trading of 4.49 million shares in the previous session.
Levels Of Support And Resistance For CTRA Stock
The 24-hour chart illustrates a support level at 27.69, which if violated will result in even more drops to 27.26. On the upside, there is a resistance level at 28.45. A further resistance level may holdings at 28.77. The Relative Strength Index (RSI) on the 14-day chart is 54.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.86%. Stochastics %K at 50.10% indicates the stock is a holding.
