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The Potential Rise in the Price of Corteva Inc (CTVA) following insiders activity

CHWY Stock

Corteva Inc’s filing revealed that its SVP, Gen Counsel and Secretary FUERER CORNEL B unloaded Company’s shares for reported $2.28 million on May 14 ’24. In the deal valued at $57.41 per share,39,736 shares were sold. As a result of this transaction, FUERER CORNEL B now holds 126,628 shares worth roughly $ 7.07 million.

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Then, Eathington Samuel R sold 31,686 shares, generating $1,826,381 in total proceeds. Upon selling the shares at $57.64, the insider now owns 53,854 shares.

Before that, TITUS BRIAN sold 12,134 shares. Corteva Inc shares valued at $687,338 were divested by the insider at a price of $56.65 per share. As a result of the transaction, TITUS BRIAN now holds 13,495 shares, worth roughly $0.75 million.

Argus downgraded its Corteva Inc [CTVA] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “a Neutral”. Wolfe Research began covering CTVA with “an Outperform” recommendation on March 01, 2024. Loop Capital revised its rating on February 12, 2024. It rated CTVA as “a Buy” which previously was an “a Hold”.

Price Performance Review of CTVA

On Monday, Corteva Inc [NYSE:CTVA] saw its stock jump 0.85% to $55.80. Over the last five days, the stock has lost -2.62%. Corteva Inc shares have risen nearly 16.44% since the year began. Nevertheless, the stocks have risen 12.59% over the past one year. While a 52-week high of $58.76 was reached on 05/10/24, a 52-week low of $43.22 was recorded on 01/19/24. SMA at 50 days reached $53.81, while 200 days put it at $52.52.

Levels Of Support And Resistance For CTVA Stock

The 24-hour chart illustrates a support level at 55.27, which if violated will result in even more drops to 54.75. On the upside, there is a resistance level at 56.29. A further resistance level may holdings at 56.79. The Relative Strength Index (RSI) on the 14-day chart is 57.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.70%. Stochastics %K at 50.53% indicates the stock is a holding.

How much short interest is there in Corteva Inc?

A steep rise in short interest was recorded in Corteva Inc stocks on 2024-08-15, growing by 0.65 million shares to a total of 8.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 8.01 million shares. There was a rise of 7.49%, which implies that there is a positive sentiment for the stock.

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