Chord Energy Corp’s recent filing unveils that its EVP and CFO Lou Michael H unloaded Company’s shares for reported $0.49 million on Feb 16 ’24. In the deal valued at $165.00 per share,3,000 shares were sold. As a result of this transaction, Lou Michael H now holds 128,209 shares worth roughly $21.65 million.
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Then, Lou Michael H sold 3,000 shares, generating $462,450 in total proceeds. Upon selling the shares at $154.15, the EVP and CFO now owns 131,209 shares.
Before that, Lou Michael H sold 6,000 shares. Chord Energy Corp shares valued at $1,018,800 were divested by the EVP and CFO at a price of $169.80 per share. As a result of the transaction, Lou Michael H now holds 170,835 shares, worth roughly $28.85 million.
BofA Securities also remained covering CHRD and has decreased its forecast on January 05, 2024 with a “an Underperform” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on November 15, 2023. It rated CHRD as “an Overweight”.
Price Performance Review of CHRD
On Monday, Chord Energy Corp [NASDAQ:CHRD] saw its stock jump 2.68% to $168.90. Over the last five days, the stock has gained 3.99%. Chord Energy Corp shares have risen nearly 3.82% since the year began. Nevertheless, the stocks have risen 17.03% over the past one year. While a 52-week high of $188.46 was reached on 04/12/24, a 52-week low of $140.77 was recorded on 02/05/24. SMA at 50 days reached $177.25, while 200 days put it at $166.65. A total of 1.09 million shares were traded, compared to the trading of 1.27 million shares in the previous session.
Levels Of Support And Resistance For CHRD Stock
The 24-hour chart illustrates a support level at 166.09, which if violated will result in even more drops to 163.27. On the upside, there is a resistance level at 170.68. A further resistance level may holdings at 172.46. The Relative Strength Index (RSI) on the 14-day chart is 45.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.15%. Stochastics %K at 32.39% indicates the stock is a holding.
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The most recent change occurred on August 31, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $185 price target.
