Chevron Corp.’s filing revealed that its Vice President GUSTAVSON JEFF B unloaded Company’s shares for reported $0.6 million on May 21 ’24. In the deal valued at $160.23 per share,3,750 shares were sold. As a result of this transaction, GUSTAVSON JEFF B now holds 477 shares worth roughly $74698.2.
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Then, HERNANDEZ ENRIQUE JR sold 2,549 shares, generating $421,207 in total proceeds. Upon selling the shares at $165.24, the Director now owns 0 shares.
Before that, HERNANDEZ ENRIQUE JR sold 5,098 shares. Chevron Corp. shares valued at $833,523 were divested by the Director at a price of $163.50 per share. As a result of the transaction, HERNANDEZ ENRIQUE JR now holds 2,549 shares, worth roughly $0.4 million.
A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. TD Cowen also remained covering CVX and reiterated its “Hold” recommendation on April 29, 2024. Scotiabank revised its rating on April 11, 2024. It rated CVX as “a Sector outperform” which previously was an “a Sector perform”.
Price Performance Review of CVX
On Monday, Chevron Corp. [NYSE:CVX] saw its stock fall -0.79% to $156.60. Over the last five days, the stock has lost -0.25%. Chevron Corp. shares have risen nearly 4.99% since the year began. Nevertheless, the stocks have fallen -1.92% over the past one year. While a 52-week high of $171.70 was reached on 04/29/24, a 52-week low of $139.62 was recorded on 01/18/24. SMA at 50 days reached $156.92, while 200 days put it at $153.79. A total of 5.07 million shares were traded, compared to the trading of 5.23 million shares in the previous session.
Levels Of Support And Resistance For CVX Stock
The 24-hour chart illustrates a support level at 154.89, which if violated will result in even more drops to 153.18. On the upside, there is a resistance level at 158.28. A further resistance level may holdings at 159.96. The Relative Strength Index (RSI) on the 14-day chart is 49.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.11%. Stochastics%K at 41.96% indicates the stock is a holding.
The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $203 price target.
