Conoco Phillips’s recent filing unveils that its Chairman and CEO Lance Ryan Michael unloaded Company’s shares for reported $76.43 million on Mar 25 ’24. In the deal valued at $125.91 per share,607,000 shares were sold. As a result of this transaction, Lance Ryan Michael now holds 6,780 shares worth roughly $0.75 million.
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Then, Olds Nicholas G sold 12,150 shares, generating $1,536,280 in total proceeds. Upon selling the shares at $126.44, the Executive Vice President now owns 14,522 shares.
Before that, Bullock William L. Jr. sold 45,200 shares. Conoco Phillips shares valued at $5,574,276 were divested by the Executive Vice President & CFO at a price of $123.32 per share. As a result of the transaction, Bullock William L. Jr. now holds 44,153 shares, worth roughly $4.86 million.
Barclays began covering COP with “an Overweight” recommendation on April 10, 2024. Johnson Rice revised its rating on December 14, 2023. It rated COP as “a Hold” which previously was an “a Accumulate”.
Price Performance Review of COP
On Monday, Conoco Phillips [NYSE:COP] saw its stock jump 1.49% to $110.03. Over the last five days, the stock has gained 5.42%. Conoco Phillips shares have fallen nearly -4.70% since the year began. Nevertheless, the stocks have fallen -4.02% over the past one year. While a 52-week high of $134.71 was reached on 04/12/24, a 52-week low of $102.08 was recorded on 08/05/24. SMA at 50 days reached $111.85, while 200 days put it at $116.33. A total of 5.87 million shares were traded, compared to the trading of 5.78 million shares in the previous session.
Levels Of Support And Resistance For COP Stock
The 24-hour chart illustrates a support level at 108.80, which if violated will result in even more drops to 107.56. On the upside, there is a resistance level at 110.75. A further resistance level may holdings at 111.46. The Relative Strength Index (RSI) on the 14-day chart is 49.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.45%. Stochastics%K at 62.71% indicates the stock is a holding.
How much short interest is there in Conoco Phillips?
A steep rise in short interest was recorded in Conoco Phillips stocks on
The most recent change occurred on November 14, 2023 when Johnson Rice began covering the stock and recommended ‘”a Accumulate”‘ rating along with a $135 price target.
