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Investing in Crescent Energy Co. (CRGY): What You Must Know

In a filing, Crescent Energy Co. revealed its insider Shi Bo acquired Company’s shares for reported $10574.0 on Sep 05 ’24. In the deal valued at $11.13 per share,950 shares were bought. As a result of this transaction, Shi Bo now holds 45,811 shares worth roughly $0.59 million.

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Then, Falk Todd bought 1,000 shares, generating $11,240 in total proceeds. Upon buying the shares at $11.24, the insider now owns 7,000 shares.

Before that, Rockecharlie David C. bought 10,000 shares. Crescent Energy Co. shares valued at $110,700 were divested by the insider at a price of $11.07 per share. As a result of the transaction, Rockecharlie David C. now holds 110,000 shares, worth roughly $1.43 million.

A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating.

Price Performance Review of CRGY

On Friday, Crescent Energy Co. [NYSE:CRGY] saw its stock jump 3.76% to $12.98. Over the last five days, the stock has gained 16.62%. Crescent Energy Co. shares have fallen nearly -1.74% since the year began. Nevertheless, the stocks have risen 18.43% over the past one year. While a 52-week high of $13.85 was reached on 01/02/24, a 52-week low of $9.88 was recorded on 08/05/24. SMA at 50 days reached $11.22, while 200 days put it at $11.57.

Levels Of Support And Resistance For CRGY Stock

The 24-hour chart illustrates a support level at 12.69, which if violated will result in even more drops to 12.41. On the upside, there is a resistance level at 13.12. A further resistance level may holdings at 13.27. The Relative Strength Index (RSI) on the 14-day chart is 69.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 93.32% indicates the stock is a selling.

How much short interest is there in Crescent Energy Co.?

A steep rise in short interest was recorded in Crescent Energy Co. stocks on 2024-09-13, dropping by -1.02 million shares to a total of 13.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.26 million shares. There was a decline of -7.71%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 27, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $16 price target.

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