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Exxon Mobil Corp (XOM) may enjoy gains as insiders got busy in the recent days

In a filing, Exxon Mobil Corp revealed its Director Dreyfus Maria S. acquired Company’s shares for reported $2.0 million on Jun 17 ’24. In the deal valued at $109.25 per share,18,310 shares were bought. As a result of this transaction, Dreyfus Maria S. now holds 35,757 shares worth roughly $4.33 million.

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Then, Talley Darrin L sold 2,426 shares, generating $288,730 in total proceeds. Upon selling the shares at $119.01, the Vice President now owns 25,363 shares.

Before that, Talley Darrin L sold 2,400 shares. Exxon Mobil Corp shares valued at $271,980 were divested by the Vice President at a price of $113.33 per share. As a result of the transaction, Talley Darrin L now holds 27,789 shares, worth roughly $3.37 million.

TD Cowen reiterated its Exxon Mobil Corp [XOM] rating to a Buy in a research note published on November 04, 2024; the price target was $127. Scotiabank also remained covering XOM and has increased its forecast on October 10, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. Exane BNP Paribas revised its rating on October 09, 2024. It rated XOM as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of XOM

On Friday, Exxon Mobil Corp [NYSE:XOM] saw its stock fall -0.03% to $121.11. Over the last five days, the stock has gained 5.36%. Exxon Mobil Corp shares have risen nearly 21.13% since the year began. Nevertheless, the stocks have risen 17.66% over the past one year. While a 52-week high of $126.34 was reached on 10/07/24, a 52-week low of $95.77 was recorded on 01/22/24. SMA at 50 days reached $117.90, while 200 days put it at $114.56.

Levels Of Support And Resistance For XOM Stock

The 24-hour chart illustrates a support level at 120.04, which if violated will result in even more drops to 118.97. On the upside, there is a resistance level at 121.80. A further resistance level may holdings at 122.49. The Relative Strength Index (RSI) on the 14-day chart is 56.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.32%. Stochastics %K at 88.35% indicates the stock is a selling.

How much short interest is there in Exxon Mobil Corp?

A steep rise in short interest was recorded in Exxon Mobil Corp stocks on 2024-10-15, dropping by -2.39 million shares to a total of 41.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 43.66 million shares. There was a decline of -5.8%, which implies that there is a negative sentiment for the stock.

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