Devon Energy Corp.’s recently made public that its EVP Human Resources and Admin Cashion Tana K unloaded Company’s shares for reported $1.02 million on May 07 ’24. In the deal valued at $51.04 per share,20,000 shares were sold. As a result of this transaction, Cashion Tana K now holds 104,182 shares worth roughly $4.13 million.
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Then, Muncrief Richard E bought 15,000 shares, generating $666,300 in total proceeds. Upon buying the shares at $44.42, the President and CEO now owns 1,973,006 shares.
Wolfe Research initiated its Devon Energy Corp. [DVN] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering DVN and has increased its forecast on April 01, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Morgan Stanley revised its rating on December 11, 2023. It rated DVN as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of DVN
On Monday, Devon Energy Corp. [NYSE:DVN] saw its stock jump 0.48% to $39.64. Over the last five days, the stock has lost -3.72%. Devon Energy Corp. shares have fallen nearly -11.35% since the year began. Nevertheless, the stocks have fallen -20.12% over the past one year. While a 52-week high of $54.63 was reached on 04/12/24, a 52-week low of $38.81 was recorded on 09/11/24. SMA at 50 days reached $44.54, while 200 days put it at $46.23.
Levels Of Support And Resistance For DVN Stock
The 24-hour chart illustrates a support level at 39.29, which if violated will result in even more drops to 38.94. On the upside, there is a resistance level at 40.08. A further resistance level may holdings at 40.53. The Relative Strength Index (RSI) on the 14-day chart is 28.87, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.19%. Stochastics %K at 10.01% indicates the stock is a buying.
How much short interest is there in Devon Energy Corp.?
A steep rise in short interest was recorded in Devon Energy Corp. stocks on 2024-08-30, growing by 0.69 million shares to a total of 17.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 16.85 million shares. There was a rise of 3.91%, which implies that there is a positive sentiment for the stock.
