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Exxon Mobil Corp. [XOM] Investment Appeal on the Rise

In a filing, Exxon Mobil Corp. revealed its Director Dreyfus Maria S. acquired Company’s shares for reported $2.0 million on Jun 17 ’24. In the deal valued at $109.25 per share,18,310 shares were bought. As a result of this transaction, Dreyfus Maria S. now holds 35,757 shares worth roughly $4.46 million.

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Then, Talley Darrin L sold 2,426 shares, generating $288,730 in total proceeds. Upon selling the shares at $119.01, the Vice President now owns 25,363 shares.

Before that, Talley Darrin L sold 2,400 shares. Exxon Mobil Corp. shares valued at $271,980 were divested by the Vice President at a price of $113.33 per share. As a result of the transaction, Talley Darrin L now holds 27,789 shares, worth roughly $3.47 million.

Redburn Atlantic downgraded its Exxon Mobil Corp. [XOM] rating to a Neutral from a a Buy in a research note published on September 24, 2024; the price target was increased to $120 from $119. Truist also remained covering XOM and has decreased its forecast on June 07, 2024 with a “Hold” recommendation from previously “Buy” rating.

Price Performance Review of XOM

On Friday, Exxon Mobil Corp. [NYSE:XOM] saw its stock jump 1.84% to $124.83. Over the last five days, the stock has gained 7.78%. Exxon Mobil Corp. shares have risen nearly 24.85% since the year began. Nevertheless, the stocks have risen 11.96% over the past one year. While a 52-week high of $123.75 was reached on 10/04/24, a 52-week low of $95.77 was recorded on 01/22/24. SMA at 50 days reached $116.30, while 200 days put it at $112.05.

Levels Of Support And Resistance For XOM Stock

The 24-hour chart illustrates a support level at 123.11, which if violated will result in even more drops to 121.39. On the upside, there is a resistance level at 125.87. A further resistance level may holdings at 126.91. The Relative Strength Index (RSI) on the 14-day chart is 69.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.56%. Stochastics %K at 93.87% indicates the stock is a selling.

How much short interest is there in Exxon Mobil Corp.?

A steep rise in short interest was recorded in Exxon Mobil Corp. stocks on 2024-09-13, growing by 4.38 million shares to a total of 43.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 39.29 million shares. There was a rise of 10.02%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 30, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $135.

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