California Resources Corporation’s filing revealed that its Senior VP and Controller Repetti Noelle M. unloaded Company’s shares for reported $0.53 million on Sep 17 ’24. In the deal valued at $53.00 per share,10,000 shares were sold. As a result of this transaction, Repetti Noelle M. now holds 17,301 shares worth roughly $0.89 million.
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Then, Repetti Noelle M. bought 10,000 shares, generating $530,000 in total proceeds.
Before that, Leon Francisco sold 7,500 shares. California Resources Corporation shares valued at $368,878 were divested by the President and CEO at a price of $49.18 per share. As a result of the transaction, Leon Francisco now holds 166,357 shares, worth roughly $8.53 million.
UBS initiated its California Resources Corporation [CRC] rating to a Buy in a research note published on October 16, 2024; the price target was $68. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. TD Cowen began covering CRC with “Buy” recommendation on August 02, 2024.
Price Performance Review of CRC
On Friday, California Resources Corporation [NYSE:CRC] saw its stock fall -1.99% to $51.28. Over the last five days, the stock has lost -4.49%. California Resources Corporation shares have fallen nearly -6.22% since the year began. Nevertheless, the stocks have fallen -6.83% over the past one year. While a 52-week high of $57.88 was reached on 04/12/24, a 52-week low of $43.09 was recorded on 08/06/24. SMA at 50 days reached $51.20, while 200 days put it at $51.32.
Levels Of Support And Resistance For CRC Stock
The 24-hour chart illustrates a support level at 50.95, which if violated will result in even more drops to 50.63. On the upside, there is a resistance level at 51.90. A further resistance level may holdings at 52.53. The Relative Strength Index (RSI) on the 14-day chart is 47.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.57%. Stochastics %K at 29.98% indicates the stock is a holding.
How much short interest is there in California Resources Corporation?
A steep rise in short interest was recorded in California Resources Corporation stocks on 2024-09-30, growing by 0.77 million shares to a total of 6.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.39 million shares. There was a rise of 12.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $62 price target.
