Chevron Corp.’s recent filing unveils 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 $67070.97.
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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 $0.36 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 Friday, Chevron Corp. [NYSE:CVX] saw its stock jump 1.01% to $140.61. Over the last five days, the stock has gained 1.48%. Chevron Corp. shares have fallen nearly -5.73% since the year began. Nevertheless, the stocks have fallen -15.40% over the past one year. While a 52-week high of $171.70 was reached on 04/29/24, a 52-week low of $135.37 was recorded on 09/11/24. SMA at 50 days reached $149.24, while 200 days put it at $152.83.
Levels Of Support And Resistance For CVX Stock
The 24-hour chart illustrates a support level at 139.70, which if violated will result in even more drops to 138.80. On the upside, there is a resistance level at 141.52. A further resistance level may holdings at 142.44. The Relative Strength Index (RSI) on the 14-day chart is 40.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.39%. Stochastics %K at 26.26% indicates the stock is a holding.
How much short interest is there in Chevron Corp.?
A steep rise in short interest was recorded in Chevron Corp. stocks on 2024-08-30, growing by 1.99 million shares to a total of 52.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 50.14 million shares. There was a rise of 3.82%, which implies that there is a positive sentiment for the stock.
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.
