KD Logo

A company insider recently bought 950 shares of Crescent Energy Co [CRGY]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Crescent Energy Co shares valued at $10,574 were purchased by Shi Bo on Sep 05 ’24. At $11.13 per share, Shi Bo acquired 950 shares. The insider’s holdings grew to 45,811 shares worth approximately $0.68 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Also, Falk Todd purchased 1,000 shares, netting a total of over 11,240 in proceeds. Following the buying of shares at $11.24 each, the insider now holds 7,000 shares.

Before that, Rockecharlie David C. had added 10,000 shares to its account. In a trade valued at $110,700, the insider bought Crescent Energy Co shares for $11.07 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $1.62 million.

As published in their initiating research note from Pickering Energy Partners on October 28, 2024, Crescent Energy Co [CRGY] has been an Outperform. As of September 18, 2024, JP Morgan has initiated its “Neutral” rating for CRGY.

Analyzing CRGY Stock Performance

During the last five days, there has been a surge of approximately 2.36%. Over the course of the year, Crescent Energy Co shares have jumped approximately 11.73%. Shares of the company reached a 52-week high of $15.54 on 11/22/24 and a 52-week low of $9.88 on 08/05/24. A 50-day SMA is recorded $13.56, while a 200-day SMA reached $12.05. Nevertheless, trading volume fell to 3.81 million shares from 2.64 million shares the previous day.

Support And Resistance Levels for Crescent Energy Co (CRGY)

According to the 24-hour chart, there is a support level at 14.60, which, if violated, would cause prices to drop to 14.44. In the upper region, resistance lies at 14.91. The next price resistance is at 15.06. RSI (Relative Strength Index) is 59.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 45.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular