Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coterra Energy Inc shares valued at $1,488,300 were sold by Roemer Todd M on Mar 20 ’24. At $27.06 per share, Roemer Todd M sold 55,000 shares. The insider’s holdings dropped to 176,758 shares worth approximately $4.17 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, DeShazer Michael D. sold 14,000 shares, netting a total of over 364,840 in proceeds. Following the sale of shares at $26.06 each, the insider now holds 93,988 shares.
Before that, DINGES DAN O had sold 400,000 shares from its account. In a trade valued at $10,640,000, the Director traded Coterra Energy Inc shares for $26.60 each. Upon closing the transaction, the insider’s holdings decreased to 400,000 shares, worth approximately $77.84 million.
As published in a research note from ROTH MKM on August 27, 2024, Coterra Energy Inc [CTRA] has been rated up from a Neutral to a Buy and the price target has been revised to $29 from $25. Earlier on May 16, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for CTRA stock which previously was a “a Hold”.
Analyzing CTRA Stock Performance
During the last five days, there has been a surge of approximately 3.47%. Over the course of the year, Coterra Energy Inc shares have dropped approximately -7.64%. Shares of the company reached a 52-week high of $28.90 on 04/04/24 and a 52-week low of $22.30 on 09/11/24. A 50-day SMA is recorded $24.55, while a 200-day SMA reached $26.02. Nevertheless, trading volume fell to 7.99 million shares from 4.01 million shares the previous day.
Support And Resistance Levels for Coterra Energy Inc (CTRA)
According to the 24-hour chart, there is a support level at 23.43, which, if violated, would cause prices to drop to 23.30. In the upper region, resistance lies at 23.76. The next price resistance is at 23.96. RSI (Relative Strength Index) is 48.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 38.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
