Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exxon Mobil Corp. shares valued at $2,000,386 were purchased by Dreyfus Maria S. on Jun 17 ’24. At $109.25 per share, Dreyfus Maria S. acquired 18,310 shares. The insider’s holdings grew to 35,757 shares worth approximately $4.17 million following the completion of this transaction.
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Also, Talley Darrin L sold 2,426 shares, netting a total of over 288,730 in proceeds. Following the sale of shares at $119.01 each, the insider now holds 25,363 shares.
Before that, Talley Darrin L had sold 2,400 shares from its account. In a trade valued at $271,980, the Vice President traded Exxon Mobil Corp. shares for $113.33 each. Upon closing the transaction, the insider’s holdings decreased to 2,400 shares, worth approximately $3.24 million.
Analysts at Scotiabank upgraded the stock from ‘”a Sector perform”‘ to ‘”a Sector outperform”‘ outlook in a report released in early October. As of October 09, 2024, Exane BNP Paribas has decreased its “Neutral” rating to a “an Underperform” for XOM. Earlier on September 24, 2024, Redburn Atlantic downgraded its rating. Their new recommendation was “a Neutral” for XOM stock which previously was a “a Buy”.
Analyzing XOM Stock Performance
During the last five days, there has been a drop of approximately -2.98%. Over the course of the year, Exxon Mobil Corp. shares have jumped approximately 16.71%. Shares of the company reached a 52-week high of $126.34 on 10/07/24 and a 52-week low of $95.77 on 01/22/24. A 50-day SMA is recorded $117.57, while a 200-day SMA reached $113.84. Nevertheless, trading volume fell to 12.25 million shares from 14.73 million shares the previous day.
Support And Resistance Levels for Exxon Mobil Corp. (XOM)
According to the 24-hour chart, there is a support level at 116.02, which, if violated, would cause prices to drop to 115.36. In the upper region, resistance lies at 117.81. The next price resistance is at 118.94. RSI (Relative Strength Index) is 40.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.52, which suggests the price will decrease in the coming days. Percent R is at 97.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
