Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. EOG Resources, Inc shares valued at $1,429,292 were sold by Donaldson Michael P on Aug 26 ’24. At $129.50 per share, Donaldson Michael P sold 11,037 shares. The insider’s holdings dropped to 74,250 shares worth approximately $9.06 million following the completion of this transaction.
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Also, Donaldson Michael P purchased 11,037 shares, netting a total of over 1,429,292 in proceeds.
Before that, CRISP CHARLES R had sold 6,500 shares from its account. In a trade valued at $816,405, the Director traded EOG Resources, Inc shares for $125.60 each. Upon closing the transaction, the insider’s holdings decreased to 6,500 shares, worth approximately $7.43 million.
Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of April 11, 2024, Scotiabank has decreased its “Sector outperform” rating to a “Sector perform” for EOG. Earlier on April 10, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for EOG stock.
Analyzing EOG Stock Performance
During the last five days, there has been a drop of approximately -1.99%. Over the course of the year, EOG Resources, Inc shares have jumped approximately 0.84%. Shares of the company reached a 52-week high of $139.67 on 04/12/24 and a 52-week low of $108.94 on 02/05/24. A 50-day SMA is recorded $125.51, while a 200-day SMA reached $124.39. Nevertheless, trading volume fell to 3.0 million shares from 2.47 million shares the previous day.
Support And Resistance Levels for EOG Resources, Inc (EOG)
According to the 24-hour chart, there is a support level at 120.82, which, if violated, would cause prices to drop to 119.69. In the upper region, resistance lies at 122.83. The next price resistance is at 123.71. RSI (Relative Strength Index) is 39.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.86, which suggests the price will decrease in the coming days. Percent R is at 79.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
