In a filing, Coterra Energy Inc revealed its SVP & General Counsel Vela Adam M unloaded Company’s shares for reported $0.44 million on Nov 20 ’24. In the deal valued at $26.76 per share,16,435 shares were sold. As a result of this transaction, Vela Adam M now holds 72,409 shares worth roughly $1.94 million.
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Then, Vela Adam M bought 16,435 shares, generating $439,869 in total proceeds.
Before that, Roemer Todd M sold 55,000 shares. Coterra Energy Inc shares valued at $1,488,300 were divested by the Vice Pres & CAO at a price of $27.06 per share. As a result of the transaction, Roemer Todd M now holds 176,758 shares, worth roughly $4.73 million.
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 fall -0.78% to $26.78. Over the last five days, the stock has gained 1.86%. Coterra Energy Inc shares have risen nearly 4.94% since the year began. Nevertheless, the stocks have risen 1.94% 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 $24.52, while 200 days put it at $25.90.
Levels Of Support And Resistance For CTRA Stock
The 24-hour chart illustrates a support level at 26.52, which if violated will result in even more drops to 26.25. On the upside, there is a resistance level at 27.10. A further resistance level may holdings at 27.41. The Relative Strength Index (RSI) on the 14-day chart is 64.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.07%. Stochastics %K at 81.71% 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 2024-11-15, dropping by -0.44 million shares to a total of 16.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 16.78 million shares. There was a decline of -2.69%, 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.
