Coterra Energy Inc’s recently made public that its Vice Pres & CAO Roemer Todd M unloaded Company’s shares for reported $1.49 million on Mar 20 ’24. In the deal valued at $27.06 per share,55,000 shares were sold. As a result of this transaction, Roemer Todd M now holds 176,758 shares worth roughly $4.65 million.
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Then, DeShazer Michael D. sold 14,000 shares, generating $364,840 in total proceeds. Upon selling the shares at $26.06, the VP – Business Units now owns 93,988 shares.
ROTH MKM upgraded its Coterra Energy Inc [CTRA] rating to a Buy from a a Neutral in a research note published on August 27, 2024; the price target was increased to $29 from $25. Truist revised its rating on May 16, 2024. It rated CTRA as “a Buy” which previously was an “a Hold”.
Price Performance Review of CTRA
On Tuesday, Coterra Energy Inc [NYSE:CTRA] saw its stock jump 0.65% to $26.29. Over the last five days, the stock has gained 4.28%. Coterra Energy Inc shares have risen nearly 3.02% since the year began. Nevertheless, the stocks have fallen -1.72% over the past one year. While a 52-week high of $28.90 was reached on 04/04/24, a 52-week low of $22.30 was recorded on 09/11/24. SMA at 50 days reached $24.09, while 200 days put it at $25.83.
Levels Of Support And Resistance For CTRA Stock
The 24-hour chart illustrates a support level at 25.96, which if violated will result in even more drops to 25.64. On the upside, there is a resistance level at 26.50. A further resistance level may holdings at 26.72. The Relative Strength Index (RSI) on the 14-day chart is 68.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.64%. Stochastics %K at 92.49% indicates the stock is a selling.
How much short interest is there in Coterra Energy Inc?
A steep rise in short interest was recorded in Coterra Energy Inc stocks on 2024-10-31, dropping by -3.62 million shares to a total of 14.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.29 million shares. There was a decline of -24.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $36 price target.
