Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chord Energy Corp shares valued at $286 were sold by Brooks Douglas E on Sep 10 ’24. At $143.18 per share, Brooks Douglas E sold 2 shares. The insider’s holdings dropped to 25,268 shares worth approximately $3.19 million following the completion of this transaction.
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Also, Holroyd Samantha purchased 500 shares, netting a total of over 74,755 in proceeds. Following the buying of shares at $149.51 each, the insider now holds 14,417 shares.
Before that, Lou Michael H had sold 3,000 shares from its account. In a trade valued at $495,000, the EVP and CFO traded Chord Energy Corp shares for $165.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $16.21 million.
As published in their initiating research note from UBS on October 16, 2024, Chord Energy Corp [CHRD] has been a Buy and the price target has been revised to $168. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early September. As of July 18, 2024, Wolfe Research has initiated its “Peer perform” rating for CHRD.
Analyzing CHRD Stock Performance
During the last five days, there has been a drop of approximately -2.48%. Over the course of the year, Chord Energy Corp shares have dropped approximately -21.50%. Shares of the company reached a 52-week high of $190.23 on 04/12/24 and a 52-week low of $123.30 on 11/01/24. A 50-day SMA is recorded $130.55, while a 200-day SMA reached $157.93. Nevertheless, trading volume fell to 0.72 million shares from 4.47 million shares the previous day.
Support And Resistance Levels for Chord Energy Corp (CHRD)
According to the 24-hour chart, there is a support level at 125.19, which, if violated, would cause prices to drop to 123.95. In the upper region, resistance lies at 128.72. The next price resistance is at 131.01. RSI (Relative Strength Index) is 43.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.66, which suggests the price will decrease in the coming days. Percent R is at 97.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
