While this happened, Tudor Pickering Holt & Co. downgraded its CVR Energy Inc [CVI] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Scotiabank also remained covering CVI and has decreased its forecast on January 16, 2024 with a “Sector underperform” recommendation from previously “Sector perform” rating. UBS started covering the stock on March 09, 2023. It rated CVI as “a Neutral”.
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Price Performance Review of CVI
On Tuesday, CVR Energy Inc [NYSE:CVI] saw its stock fall -24.18% to $18.06. Over the last five days, the stock has lost -25.77%. CVR Energy Inc shares have fallen nearly -40.40% since the year began. Nevertheless, the stocks have fallen -38.80% over the past one year. While a 52-week high of $38.07 was reached on 04/03/24, a 52-week low of $21.05 was recorded on 10/29/24. SMA at 50 days reached $23.70, while 200 days put it at $28.73.
Levels Of Support And Resistance For CVI Stock
The 24-hour chart illustrates a support level at 17.29, which if violated will result in even more drops to 16.52. On the upside, there is a resistance level at 19.04. A further resistance level may holdings at 20.02. The Relative Strength Index (RSI) on the 14-day chart is 23.18, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.52%. Stochastics %K at 25.25% indicates the stock is a holding.
How much short interest is there in CVR Energy Inc?
A steep rise in short interest was recorded in CVR Energy Inc stocks on 2024-10-15, growing by 0.17 million shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.34 million shares. There was a rise of 3.12%, which implies that there is a positive sentiment for the stock.
