Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Corteva Inc shares valued at $2,281,244 were sold by FUERER CORNEL B on May 14 ’24. At $57.41 per share, FUERER CORNEL B sold 39,736 shares. The insider’s holdings dropped to 126,628 shares worth approximately $7.27 million following the completion of this transaction.
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Also, Eathington Samuel R sold 31,686 shares, netting a total of over 1,826,381 in proceeds. Following the sale of shares at $57.64 each, the insider now holds 53,854 shares.
Before that, TITUS BRIAN had sold 12,134 shares from its account. In a trade valued at $687,338, the insider traded Corteva Inc shares for $56.65 each. Upon closing the transaction, the insider’s holdings decreased to 12,134 shares, worth approximately $0.78 million.
As published in a research note from Argus on August 07, 2024, Corteva Inc [CTVA] has been rated down from a Buy to a Hold. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of March 01, 2024, Wolfe Research has initiated its “an Outperform” rating for CTVA. Earlier on February 12, 2024, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for CTVA stock which previously was a “a Hold”.
Analyzing CTVA Stock Performance
During the last five days, there has been a surge of approximately 4.15%. Over the course of the year, Corteva Inc shares have jumped approximately 19.87%. Shares of the company reached a 52-week high of $58.76 on 05/10/24 and a 52-week low of $44.01 on 01/19/24. A 50-day SMA is recorded $54.34, while a 200-day SMA reached $52.88. Nevertheless, trading volume fell to 2.48 million shares from 2.21 million shares the previous day.
Support And Resistance Levels for Corteva Inc (CTVA)
According to the 24-hour chart, there is a support level at 56.81, which, if violated, would cause prices to drop to 56.19. In the upper region, resistance lies at 57.98. The next price resistance is at 58.53. RSI (Relative Strength Index) is 64.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 11.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
