The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coterra Energy Inc shares valued at $1,488,300 were sold by Roemer Todd M on Mar 20 ’24. At $27.06 per share, Roemer Todd M sold 55,000 shares. The insider’s holdings dropped to 176,758 shares worth approximately $4.53 million following the completion of this transaction.
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Also, DeShazer Michael D. sold 14,000 shares, netting a total of over 364,840 in proceeds. Following the sale of shares at $26.06 each, the insider now holds 93,988 shares.
As published in a research note from ROTH MKM on August 27, 2024, Coterra Energy Inc [CTRA] has been rated up from a Neutral to a Buy and the price target has been revised to $29 from $25. Earlier on May 16, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for CTRA stock which previously was a “a Hold”.
Analyzing CTRA Stock Performance
During the last five days, there has been a surge of approximately 4.32%. Over the course of the year, Coterra Energy Inc shares have jumped approximately 0.35%. Shares of the company reached a 52-week high of $28.90 on 04/04/24 and a 52-week low of $22.30 on 09/11/24. A 50-day SMA is recorded $23.86, while a 200-day SMA reached $25.80. Nevertheless, trading volume fell to 9.01 million shares from 5.32 million shares the previous day.
Support And Resistance Levels for Coterra Energy Inc (CTRA)
According to the 24-hour chart, there is a support level at 25.24, which, if violated, would cause prices to drop to 24.88. In the upper region, resistance lies at 25.93. The next price resistance is at 26.26. RSI (Relative Strength Index) is 64.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 8.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
