In a filing, Chevron Corp revealed its Chairman and CEO Wirth Michael K unloaded Company’s shares for reported $26.36 million on Nov 14 ’24. In the deal valued at $160.13 per share,164,600 shares were sold. As a result of this transaction, Wirth Michael K now holds 4,280 shares worth roughly $0.69 million.
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Then, MICHAEL K WIRTH bought 164,600 shares, generating $26,125,312 in total proceeds.
Before that, GUSTAVSON JEFF B sold 3,750 shares. Chevron Corp shares valued at $600,878 were divested by the Vice President at a price of $160.23 per share. As a result of the transaction, GUSTAVSON JEFF B now holds 477 shares, worth roughly $76491.72.
DZ Bank upgraded its Chevron Corp [CVX] rating to a Buy from a a Hold in a research note published recently. Bernstein revised its rating on July 17, 2024. It rated CVX as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of CVX
On Monday, Chevron Corp [NYSE:CVX] saw its stock fall -1.23% to $160.36. Over the last five days, the stock has lost -0.25%. Chevron Corp shares have risen nearly 7.51% since the year began. Nevertheless, the stocks have risen 10.67% 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 $151.95, while 200 days put it at $153.90.
Levels Of Support And Resistance For CVX Stock
The 24-hour chart illustrates a support level at 159.07, which if violated will result in even more drops to 157.78. On the upside, there is a resistance level at 162.41. A further resistance level may holdings at 164.46. The Relative Strength Index (RSI) on the 14-day chart is 61.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.52%. Stochastics %K at 84.84% indicates the stock is a selling.
How much short interest is there in Chevron Corp?
A steep rise in short interest was recorded in Chevron Corp stocks on 2024-10-31, growing by 5.0 million shares to a total of 58.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 53.86 million shares. There was a rise of 8.49%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 29, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $160.
