Devon Energy Corp.’s recently made public that its EVP Human Resources and Admin Cashion Tana K unloaded Company’s shares for reported $1.02 million on May 07 ’24. In the deal valued at $51.04 per share,20,000 shares were sold. As a result of this transaction, Cashion Tana K now holds 104,182 shares worth roughly $4.08 million.
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Then, Muncrief Richard E bought 15,000 shares, generating $666,300 in total proceeds. Upon buying the shares at $44.42, the President and CEO now owns 1,973,006 shares.
A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”a Peer perform”‘ rating. Barclays began covering DVN with “an Equal weight” recommendation on April 10, 2024. Wells Fargo revised its rating on April 01, 2024. It rated DVN as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of DVN
On Friday, Devon Energy Corp. [NYSE:DVN] saw its stock fall -0.81% to $39.19. Over the last five days, the stock has lost -3.62%. Devon Energy Corp. shares have fallen nearly -12.35% since the year began. Nevertheless, the stocks have fallen -15.94% over the past one year. While a 52-week high of $54.63 was reached on 04/12/24, a 52-week low of $37.76 was recorded on 09/26/24. SMA at 50 days reached $41.63, while 200 days put it at $45.61.
Levels Of Support And Resistance For DVN Stock
The 24-hour chart illustrates a support level at 38.69, which if violated will result in even more drops to 38.20. On the upside, there is a resistance level at 39.85. A further resistance level may holdings at 40.51. The Relative Strength Index (RSI) on the 14-day chart is 36.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.56%. Stochastics %K at 7.53% indicates the stock is a buying.
How much short interest is there in Devon Energy Corp.?
A steep rise in short interest was recorded in Devon Energy Corp. stocks on 2024-10-15, dropping by -0.33 million shares to a total of 18.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 19.2 million shares. There was a decline of -1.73%, which implies that there is a negative sentiment for the stock.
