Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Devon Energy Corp. shares valued at $1,020,800 were sold by Cashion Tana K on May 07 ’24. At $51.04 per share, Cashion Tana K sold 20,000 shares. The insider’s holdings dropped to 104,182 shares worth approximately $4.12 million following the completion of this transaction.
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Also, Muncrief Richard E purchased 15,000 shares, netting a total of over 666,300 in proceeds. Following the buying of shares at $44.42 each, the insider now holds 1,973,006 shares.
Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid July. As of April 10, 2024, Barclays has initiated its “an Equal weight” rating for DVN. Earlier on April 01, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for DVN stock which previously was a “an Equal weight”.
Analyzing DVN Stock Performance
During the last five days, there has been a drop of approximately -2.90%. Over the course of the year, Devon Energy Corp. shares have dropped approximately -11.64%. Shares of the company reached a 52-week high of $55.09 on 04/12/24 and a 52-week low of $37.76 on 09/26/24. A 50-day SMA is recorded $41.85, while a 200-day SMA reached $45.66. Nevertheless, trading volume fell to 7.35 million shares from 5.92 million shares the previous day.
Support And Resistance Levels for Devon Energy Corp. (DVN)
According to the 24-hour chart, there is a support level at 39.13, which, if violated, would cause prices to drop to 38.76. In the upper region, resistance lies at 39.95. The next price resistance is at 40.40. RSI (Relative Strength Index) is 38.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.53, which suggests the price will decrease in the coming days. Percent R is at 92.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
