Corteva Inc’s filing revealed 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 $7.74 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 $0.82 million.
Citigroup initiated its Corteva Inc [CTVA] rating to a Buy in a research note published on October 23, 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 mid October from “a Neutral” to “a Buy”. Argus also remained covering CTVA and has decreased its forecast on August 07, 2024 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on April 12, 2024. It rated CTVA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CTVA
On Monday, Corteva Inc [NYSE:CTVA] saw its stock jump 1.29% to $61.13. Over the last five days, the stock has gained 3.17%. Corteva Inc shares have risen nearly 27.57% since the year began. Nevertheless, the stocks have risen 25.50% over the past one year. While a 52-week high of $61.21 was reached on 10/28/24, a 52-week low of $43.22 was recorded on 01/19/24. SMA at 50 days reached $57.21, while 200 days put it at $54.54.
Levels Of Support And Resistance For CTVA Stock
The 24-hour chart illustrates a support level at 60.58, which if violated will result in even more drops to 60.04. On the upside, there is a resistance level at 61.46. A further resistance level may holdings at 61.80. The Relative Strength Index (RSI) on the 14-day chart is 68.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.14%. Stochastics %K at 91.63% 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 2024-10-15, dropping by -0.53 million shares to a total of 8.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.56 million shares. There was a decline of -6.6%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $67 price target.
