Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Conoco Phillips shares valued at $6,000,255 were sold by LEACH TIMOTHY A on Aug 13 ’24. At $108.11 per share, LEACH TIMOTHY A sold 55,500 shares. The insider’s holdings dropped to 455,909 shares worth approximately $48.96 million following the completion of this transaction.
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Also, Timothy Allen Leach purchased 66,757 shares, netting a total of over 7,345,273 in proceeds.
Before that, Olds Nicholas G had sold 12,150 shares from its account. In a trade valued at $1,536,280, the Executive Vice President traded Conoco Phillips shares for $126.44 each. Upon closing the transaction, the insider’s holdings decreased to 12,150 shares, worth approximately $1.56 million.
As of April 10, 2024, Barclays has initiated its “an Overweight” rating for COP. Earlier on December 14, 2023, Johnson Rice downgraded its rating. Their new recommendation was “a Hold” for COP stock which previously was a “a Accumulate”.
Analyzing COP Stock Performance
During the last five days, there has been a drop of approximately -5.32%. Over the course of the year, Conoco Phillips shares have dropped approximately -6.99%. Shares of the company reached a 52-week high of $135.18 on 04/12/24 and a 52-week low of $101.29 on 09/11/24. A 50-day SMA is recorded $108.87, while a 200-day SMA reached $114.36. Nevertheless, trading volume fell to 5.74 million shares from 12.07 million shares the previous day.
Support And Resistance Levels for Conoco Phillips (COP)
According to the 24-hour chart, there is a support level at 106.67, which, if violated, would cause prices to drop to 105.95. In the upper region, resistance lies at 108.55. The next price resistance is at 109.71. RSI (Relative Strength Index) is 43.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.35, which suggests the price will decrease in the coming days. Percent R is at 76.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
