Corteva Inc’s recently made public that its SVP, Gen Counsel and Secretary FUERER CORNEL B unloaded Company’s shares for reported $2.28 million on May 14 ’24. In the deal valued at $57.41 per share,39,736 shares were sold. As a result of this transaction, FUERER CORNEL B now holds 126,628 shares worth roughly $7.5 million.
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Then, Eathington Samuel R sold 31,686 shares, generating $1,826,381 in total proceeds. Upon selling the shares at $57.64, the insider now owns 53,854 shares.
Before that, TITUS BRIAN sold 12,134 shares. Corteva Inc shares valued at $687,338 were divested by the insider at a price of $56.65 per share. As a result of the transaction, TITUS BRIAN now holds 13,495 shares, worth roughly $0.8 million.
BofA Securities upgraded its Corteva Inc [CTVA] rating to a Buy from a a Neutral in a research note published on October 16, 2024; the price target was increased to $67 from $59. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. JP Morgan also remained covering CTVA and has decreased its forecast on April 12, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Wolfe Research started covering the stock on March 01, 2024. It rated CTVA as “an Outperform”.
Price Performance Review of CTVA
On Monday, Corteva Inc [NYSE:CTVA] saw its stock fall -0.27% to $59.25. Over the last five days, the stock has gained 2.58%. Corteva Inc shares have risen nearly 23.64% since the year began. Nevertheless, the stocks have risen 16.27% over the past one year. While a 52-week high of $59.68 was reached on 10/18/24, a 52-week low of $43.22 was recorded on 01/19/24. SMA at 50 days reached $56.39, while 200 days put it at $54.20.
Levels Of Support And Resistance For CTVA Stock
The 24-hour chart illustrates a support level at 58.71, which if violated will result in even more drops to 58.16. On the upside, there is a resistance level at 59.64. A further resistance level may holdings at 60.02. The Relative Strength Index (RSI) on the 14-day chart is 61.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.67%. Stochastics %K at 92.53% indicates the stock is a selling.
How much short interest is there in Corteva Inc?
A steep rise in short interest was recorded in Corteva Inc stocks on 2024-09-30, growing by 1.16 million shares to a total of 8.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.71 million shares. There was a rise of 13.12%, which implies that there is a positive sentiment for the stock.
