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Recent Insider Activity Suggests Potential Gains for Coterra Energy Inc (CTRA)

Coterra Energy Inc’s filing revealed that 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 $4.73 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 $84.42 million.

A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in mid May from “a Hold” to “a Buy”. Barclays began covering CTRA with “an Overweight” recommendation on April 10, 2024. BofA Securities revised its rating on January 05, 2024. It rated CTRA as “a Buy” which previously was an “a Neutral”.

Price Performance Review of CTRA

On Tuesday, Coterra Energy Inc [NYSE:CTRA] saw its stock jump 0.90% to $26.78. Over the last five days, the stock has lost -3.15%. Coterra Energy Inc shares have risen nearly 4.94% since the year began. Nevertheless, the stocks have risen 5.85% over the past one year. While a 52-week high of $29.89 was reached on 04/04/24, a 52-week low of $23.73 was recorded on 02/14/24. SMA at 50 days reached $27.64, while 200 days put it at $26.74. A total of 3.8 million shares were traded, compared to the trading of 4.69 million shares in the previous session.

Levels Of Support And Resistance For CTRA Stock

The 24-hour chart illustrates a support level at 26.55, which if violated will result in even more drops to 26.33. On the upside, there is a resistance level at 26.94. A further resistance level may holdings at 27.11. The Relative Strength Index (RSI) on the 14-day chart is 43.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.85%. Stochastics%K at 16.01% indicates the stock is a buying.

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