Civitas Resources Inc’s recent filing unveils that its 10% Owner CANADA PENSION PLAN INVESTMENT unloaded Company’s shares for reported $509.36 million on May 15 ’24. In the deal valued at $73.22 per share,6,956,520 shares were sold. As a result of this transaction, CANADA PENSION PLAN INVESTMENT now holds 9,524,201 shares worth roughly $516.88 million.
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
JP Morgan initiated its Civitas Resources Inc [CIVI] rating to an Overweight in a research note published on September 18, 2024; the price target was $67. TD Cowen began covering CIVI with “Buy” recommendation on June 13, 2024. RBC Capital Mkts started covering the stock on May 28, 2024. It rated CIVI as “an Outperform”.
Price Performance Review of CIVI
On Friday, Civitas Resources Inc [NYSE:CIVI] saw its stock jump 1.14% to $54.27. Over the last five days, the stock has gained 0.07%. Civitas Resources Inc shares have fallen nearly -16.80% since the year began. Nevertheless, the stocks have fallen -22.52% over the past one year. While a 52-week high of $76.02 was reached on 05/10/24, a 52-week low of $49.10 was recorded on 09/26/24. SMA at 50 days reached $56.80, while 200 days put it at $66.46.
Levels Of Support And Resistance For CIVI Stock
The 24-hour chart illustrates a support level at 53.49, which if violated will result in even more drops to 52.71. On the upside, there is a resistance level at 54.90. A further resistance level may holdings at 55.54. The Relative Strength Index (RSI) on the 14-day chart is 50.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.28%. Stochastics %K at 72.90% indicates the stock is a holding.
How much short interest is there in Civitas Resources Inc?
A steep rise in short interest was recorded in Civitas Resources Inc stocks on 2024-09-30, growing by 1.32 million shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.26 million shares. There was a rise of 28.8%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 07, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $92 price target.
