The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. EOG Resources, Inc. shares valued at $1,429,292 were sold by Donaldson Michael P on Aug 26 ’24. At $129.50 per share, Donaldson Michael P sold 11,037 shares. The insider’s holdings dropped to 74,250 shares worth approximately $9.71 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, Donaldson Michael P purchased 11,037 shares, netting a total of over 1,429,292 in proceeds.
Before that, CRISP CHARLES R had sold 6,500 shares from its account. In a trade valued at $816,405, the Director traded EOG Resources, Inc. shares for $125.60 each. Upon closing the transaction, the insider’s holdings decreased to 6,500 shares, worth approximately $7.96 million.
Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of April 11, 2024, Scotiabank has decreased its “Sector outperform” rating to a “Sector perform” for EOG. Earlier on April 10, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for EOG stock.
Analyzing EOG Stock Performance
During the last five days, there has been a surge of approximately 8.66%. Over the course of the year, EOG Resources, Inc. shares have jumped approximately 8.14%. Shares of the company reached a 52-week high of $139.67 on 04/12/24 and a 52-week low of $108.94 on 02/05/24. A 50-day SMA is recorded $125.01, while a 200-day SMA reached $123.64. Nevertheless, trading volume fell to 2.6 million shares from 2.64 million shares the previous day.
Support And Resistance Levels for EOG Resources, Inc. (EOG)
According to the 24-hour chart, there is a support level at 128.56, which, if violated, would cause prices to drop to 126.33. In the upper region, resistance lies at 132.03. The next price resistance is at 133.28. RSI (Relative Strength Index) is 63.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.52, which suggests the price will increase in the coming days. Percent R is at 2.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
