Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exxon Mobil Corp. shares valued at $2,000,386 were purchased by Dreyfus Maria S. on Jun 17 ’24. At $109.25 per share, Dreyfus Maria S. acquired 18,310 shares. The insider’s holdings grew to 35,757 shares worth approximately $4.31 million following the completion of this transaction.
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Also, Talley Darrin L sold 2,426 shares, netting a total of over 288,730 in proceeds. Following the sale of shares at $119.01 each, the insider now holds 25,363 shares.
Before that, Talley Darrin L had sold 2,400 shares from its account. In a trade valued at $271,980, the Vice President traded Exxon Mobil Corp. shares for $113.33 each. Upon closing the transaction, the insider’s holdings decreased to 2,400 shares, worth approximately $3.35 million.
As published in a research note from Scotiabank on October 10, 2024, Exxon Mobil Corp. [XOM] has been rated up from a Sector perform to a Sector outperform and the price target has been revised to $145 from $129. Analysts at Exane BNP Paribas downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early October. As of September 24, 2024, Redburn Atlantic has decreased its “Buy” rating to a “Neutral” for XOM.
Analyzing XOM Stock Performance
During the last five days, there has been a drop of approximately -1.17%. Over the course of the year, Exxon Mobil Corp. shares have jumped approximately 20.68%. Shares of the company reached a 52-week high of $126.34 on 10/07/24 and a 52-week low of $95.77 on 01/22/24. A 50-day SMA is recorded $117.27, while a 200-day SMA reached $112.90. Nevertheless, trading volume fell to 8.41 million shares from 15.77 million shares the previous day.
Support And Resistance Levels for Exxon Mobil Corp. (XOM)
According to the 24-hour chart, there is a support level at 120.36, which, if violated, would cause prices to drop to 120.06. In the upper region, resistance lies at 121.20. The next price resistance is at 121.73. RSI (Relative Strength Index) is 53.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 43.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
