Ovintiv Inc’s filing revealed that its Director Mayson Howard John unloaded Company’s shares for reported $0.2 million on May 31 ’24. In the deal valued at $51.14 per share,4,000 shares were sold. As a result of this transaction, Mayson Howard John now holds 45,279 shares worth roughly $2.07 million.
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Then, Chhina Sippy bought 1,600 shares, generating $79,200 in total proceeds. Upon buying the shares at $49.50, the Director now owns 1,600 shares.
Before that, NANCE STEVEN W sold 12,000 shares. Ovintiv Inc shares valued at $600,000 were divested by the Director at a price of $50.00 per share. As a result of the transaction, NANCE STEVEN W now holds 8,929 shares, worth roughly $0.41 million.
Evercore ISI upgraded its Ovintiv Inc [OVV] rating to an Outperform from a an In-line in a research note published recently. 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. JP Morgan also remained covering OVV and has increased its forecast on December 06, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Citigroup revised its rating on November 22, 2023. It rated OVV as “a Buy” which previously was an “a Neutral”.
Price Performance Review of OVV
On Friday, Ovintiv Inc [NYSE:OVV] saw its stock fall -2.18% to $45.81. Over the last five days, the stock has lost -3.82%. Ovintiv Inc shares have risen nearly 4.30% since the year began. Nevertheless, the stocks have risen 24.21% over the past one year. While a 52-week high of $55.95 was reached on 04/10/24, a 52-week low of $34.50 was recorded on 01/18/24. SMA at 50 days reached $50.81, while 200 days put it at $47.22. A total of 2.78 million shares were traded, compared to the trading of 2.62 million shares in the previous session.
Levels Of Support And Resistance For OVV Stock
The 24-hour chart illustrates a support level at 45.36, which if violated will result in even more drops to 44.91. On the upside, there is a resistance level at 46.45. A further resistance level may holdings at 47.09. The Relative Strength Index (RSI) on the 14-day chart is 33.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.86%. Stochastics %K at 13.33% indicates the stock is a buying.
