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An Analysis of Exxon Mobil Corp. (XOM)’s Potential Price Growth

In a filing, Exxon Mobil Corp. revealed its Director Dreyfus Maria S. acquired Company’s shares for reported $2.0 million on Jun 17 ’24. In the deal valued at $109.25 per share,18,310 shares were bought. As a result of this transaction, Dreyfus Maria S. now holds 35,757 shares worth roughly $4.03 million.

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Then, Talley Darrin L sold 2,426 shares, generating $288,730 in total proceeds. Upon selling the shares at $119.01, the Vice President now owns 25,363 shares.

Before that, Talley Darrin L sold 2,400 shares. Exxon Mobil Corp. shares valued at $271,980 were divested by the Vice President at a price of $113.33 per share. As a result of the transaction, Talley Darrin L now holds 27,789 shares, worth roughly $3.13 million.

A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Hold”. TD Cowen maintained its rating on April 30, 2024. It rated XOM as “a Buy”.

Price Performance Review of XOM

On Monday, Exxon Mobil Corp. [NYSE:XOM] saw its stock jump 1.40% to $112.71. Over the last five days, the stock has lost -2.00%. Exxon Mobil Corp. shares have risen nearly 12.73% since the year began. Nevertheless, the stocks have fallen -4.90% over the past one year. While a 52-week high of $123.75 was reached on 04/12/24, a 52-week low of $95.77 was recorded on 01/22/24. SMA at 50 days reached $115.55, while 200 days put it at $110.88.

Levels Of Support And Resistance For XOM Stock

The 24-hour chart illustrates a support level at 111.90, which if violated will result in even more drops to 111.10. On the upside, there is a resistance level at 113.30. A further resistance level may holdings at 113.89. The Relative Strength Index (RSI) on the 14-day chart is 45.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.56%. Stochastics %K at 33.73% indicates the stock is a holding.

How much short interest is there in Exxon Mobil Corp.?

A steep rise in short interest was recorded in Exxon Mobil Corp. stocks on 2024-08-30, growing by 5.8 million shares to a total of 44.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 38.34 million shares. There was a rise of 13.14%, 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 $147 price target.

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