In a filing, Phillips 66 revealed its Exec. VP and CFO Mitchell Kevin J unloaded Company’s shares for reported $4.17 million on Aug 15 ’24. In the deal valued at $139.01 per share,30,000 shares were sold. As a result of this transaction, Mitchell Kevin J now holds 81,937 shares worth roughly $9.92 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Mitchell Kevin J bought 30,000 shares, generating $4,170,411 in total proceeds.
Before that, Roberts Timothy D. sold 37,742 shares. Phillips 66 shares valued at $5,502,784 were divested by the Executive Vice President at a price of $145.80 per share. As a result of the transaction, Roberts Timothy D. now holds 48,365 shares, worth roughly $5.85 million.
A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering PSX and reiterated its “Buy” recommendation on July 31, 2024.
Price Performance Review of PSX
On Monday, Phillips 66 [NYSE:PSX] saw its stock jump 0.85% to $121.03. Over the last five days, the stock has lost -6.10%. Phillips 66 shares have fallen nearly -9.10% since the year began. Nevertheless, the stocks have risen 2.46% over the past one year. While a 52-week high of $174.08 was reached on 04/05/24, a 52-week low of $110.54 was recorded on 11/01/24. SMA at 50 days reached $130.88, while 200 days put it at $141.58.
Levels Of Support And Resistance For PSX Stock
The 24-hour chart illustrates a support level at 119.93, which if violated will result in even more drops to 118.84. On the upside, there is a resistance level at 122.38. A further resistance level may holdings at 123.73. The Relative Strength Index (RSI) on the 14-day chart is 30.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.19%. Stochastics %K at 4.28% indicates the stock is a buying.
How much short interest is there in Phillips 66?
A steep rise in short interest was recorded in Phillips 66 stocks on 2024-10-15, dropping by -0.95 million shares to a total of 6.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.57 million shares. There was a decline of -14.34%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 21, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $155.
