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Understanding the Risks of Investing in Exxon Mobil Corp. (XOM)

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 $4.42 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 $3.43 million.

Scotiabank upgraded its Exxon Mobil Corp. [XOM] rating to a Sector outperform from a a Sector perform in a research note published on October 10, 2024; the price target was increased to $145 from $129. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early October from “a Neutral” to “an Underperform”. Redburn Atlantic also remained covering XOM and has decreased its forecast on September 24, 2024 with a “Neutral” recommendation from previously “Buy” rating.

Price Performance Review of XOM

On Friday, Exxon Mobil Corp. [NYSE:XOM] saw its stock jump 0.38% to $123.61. Over the last five days, the stock has lost -0.98%. Exxon Mobil Corp. shares have risen nearly 23.63% since the year began. Nevertheless, the stocks have risen 16.08% over the past one year. While a 52-week high of $126.34 was reached on 10/07/24, a 52-week low of $95.77 was recorded on 01/22/24. SMA at 50 days reached $116.88, while 200 days put it at $112.58.

Levels Of Support And Resistance For XOM Stock

The 24-hour chart illustrates a support level at 123.02, which if violated will result in even more drops to 122.43. On the upside, there is a resistance level at 124.12. A further resistance level may holdings at 124.62. The Relative Strength Index (RSI) on the 14-day chart is 62.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.96%. Stochastics %K at 77.68% indicates the stock is a holding.

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

A steep rise in short interest was recorded in Exxon Mobil Corp. stocks on 2024-09-30, dropping by -5.3 million shares to a total of 38.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 44.14 million shares. There was a decline of -13.65%, which implies that there is a negative sentiment for the stock.

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