Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coterra Energy Inc shares valued at $775,461 were sold by Smith Kevin William on Dec 03 ’24. At $26.16 per share, Smith Kevin William sold 29,643 shares. The insider’s holdings dropped to 77,075 shares worth approximately $1.98 million following the completion of this transaction.
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Also, Smith Kevin William purchased 29,643 shares, netting a total of over 775,377 in proceeds.
Before that, Vela Adam M had sold 16,435 shares from its account. In a trade valued at $439,801, the SVP & General Counsel traded Coterra Energy Inc shares for $26.76 each. Upon closing the transaction, the insider’s holdings decreased to 16,435 shares, worth approximately $1.86 million.
As published in a research note from ROTH MKM on August 27, 2024, Coterra Energy Inc [CTRA] has been rated up from a Neutral to a Buy and the price target has been revised to $29 from $25. Earlier on May 16, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for CTRA stock which previously was a “a Hold”.
Analyzing CTRA Stock Performance
During the last five days, there has been a drop of approximately -4.29%. Over the course of the year, Coterra Energy Inc shares have jumped approximately 0.43%. Shares of the company reached a 52-week high of $28.90 on 04/04/24 and a 52-week low of $22.30 on 09/11/24. A 50-day SMA is recorded $24.78, while a 200-day SMA reached $25.94. Nevertheless, trading volume fell to 6.17 million shares from 8.21 million shares the previous day.
Support And Resistance Levels for Coterra Energy Inc (CTRA)
According to the 24-hour chart, there is a support level at 25.30, which, if violated, would cause prices to drop to 24.96. In the upper region, resistance lies at 26.08. The next price resistance is at 26.52. RSI (Relative Strength Index) is 49.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 87.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
