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Recent Insider Activity Suggests Potential Gains for Chevron Corp (CVX)

Chevron Corp’s recently made public that its Vice President GUSTAVSON JEFF B unloaded Company’s shares for reported $0.6 million on May 21 ’24. In the deal valued at $160.23 per share,3,750 shares were sold. As a result of this transaction, GUSTAVSON JEFF B now holds 477 shares worth roughly $73443.69.

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Then, HERNANDEZ ENRIQUE JR sold 2,549 shares, generating $421,207 in total proceeds. Upon selling the shares at $165.24, the Director now owns 0 shares.

Before that, HERNANDEZ ENRIQUE JR sold 5,098 shares. Chevron Corp shares valued at $833,523 were divested by the Director at a price of $163.50 per share. As a result of the transaction, HERNANDEZ ENRIQUE JR now holds 2,549 shares, worth roughly $0.39 million.

Bernstein also remained covering CVX and has decreased its forecast on July 17, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. TD Cowen maintained its rating on April 29, 2024. It rated CVX as “a Hold”.

Price Performance Review of CVX

On Monday, Chevron Corp [NYSE:CVX] saw its stock jump 0.59% to $153.97. Over the last five days, the stock has gained 2.28%. Chevron Corp shares have risen nearly 3.22% since the year began. Nevertheless, the stocks have risen 3.50% over the past one year. While a 52-week high of $167.11 was reached on 04/29/24, a 52-week low of $135.37 was recorded on 09/11/24. SMA at 50 days reached $147.08, while 200 days put it at $153.16.

Levels Of Support And Resistance For CVX Stock

The 24-hour chart illustrates a support level at 152.92, which if violated will result in even more drops to 151.87. On the upside, there is a resistance level at 154.72. A further resistance level may holdings at 155.47. The Relative Strength Index (RSI) on the 14-day chart is 63.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.70%. Stochastics %K at 55.91% indicates the stock is a holding.

How much short interest is there in Chevron Corp?

A steep rise in short interest was recorded in Chevron Corp stocks on 2024-10-15, dropping by -3.62 million shares to a total of 53.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 57.13 million shares. There was a decline of -6.76%, which implies that there is a negative sentiment for the stock.

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