Chord Energy Corp’s recently made public 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 $19.61 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 $26.13 million.
Wolfe Research initiated its Chord Energy Corp [CHRD] rating to a Peer perform in a research note published recently.
Price Performance Review of CHRD
On Tuesday, Chord Energy Corp [NASDAQ:CHRD] saw its stock jump 1.35% to $152.98. Over the last five days, the stock has lost -9.67%. Chord Energy Corp shares have fallen nearly -5.96% since the year began. Nevertheless, the stocks have fallen -0.76% over the past one year. While a 52-week high of $188.46 was reached on 04/12/24, a 52-week low of $145.15 was recorded on 08/05/24. SMA at 50 days reached $170.44, while 200 days put it at $167.96. A total of 0.64 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For CHRD Stock
The 24-hour chart illustrates a support level at 150.74, which if violated will result in even more drops to 148.51. On the upside, there is a resistance level at 154.90. A further resistance level may holdings at 156.82. The Relative Strength Index (RSI) on the 14-day chart is 28.72, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.02%. Stochastics%K at 13.65% indicates the stock is a buying.
