California Resources Corporation’s recent filing unveils that its Senior VP and Controller Repetti Noelle M. unloaded Company’s shares for reported $0.53 million on Sep 17 ’24. In the deal valued at $53.00 per share,10,000 shares were sold. As a result of this transaction, Repetti Noelle M. now holds 17,301 shares worth roughly $0.91 million.
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Then, Repetti Noelle M. bought 10,000 shares, generating $530,000 in total proceeds.
Before that, Leon Francisco sold 7,500 shares. California Resources Corporation shares valued at $368,878 were divested by the President and CEO at a price of $49.18 per share. As a result of the transaction, Leon Francisco now holds 166,357 shares, worth roughly $8.73 million.
BofA Securities upgraded its California Resources Corporation [CRC] rating to a Buy from a a Neutral in a research note published on August 21, 2024; the price target was increased to $65 from $57. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. Barclays started covering the stock on April 10, 2024. It rated CRC as “an Equal weight”.
Price Performance Review of CRC
On Monday, California Resources Corporation [NYSE:CRC] saw its stock jump 1.94% to $52.47. Over the last five days, the stock has lost -1.82%. California Resources Corporation shares have fallen nearly -4.04% since the year began. Nevertheless, the stocks have fallen -9.27% over the past one year. While a 52-week high of $58.19 was reached on 04/12/24, a 52-week low of $43.09 was recorded on 08/06/24. SMA at 50 days reached $50.15, while 200 days put it at $51.40.
Levels Of Support And Resistance For CRC Stock
The 24-hour chart illustrates a support level at 51.34, which if violated will result in even more drops to 50.21. On the upside, there is a resistance level at 53.19. A further resistance level may holdings at 53.91. The Relative Strength Index (RSI) on the 14-day chart is 55.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.42%. Stochastics %K at 57.24% indicates the stock is a holding.
How much short interest is there in California Resources Corporation?
A steep rise in short interest was recorded in California Resources Corporation stocks on 2024-09-13, dropping by -0.8 million shares to a total of 5.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.3 million shares. There was a decline of -14.56%, which implies that there is a negative sentiment for the stock.
