Devon Energy Corp’s recently made public that its EVP Human Resources and Admin Cashion Tana K unloaded Company’s shares for reported $1.02 million on May 07 ’24. In the deal valued at $51.04 per share,20,000 shares were sold. As a result of this transaction, Cashion Tana K now holds 104,182 shares worth roughly $3.53 million.
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Then, Muncrief Richard E bought 15,000 shares, generating $666,300 in total proceeds. Upon buying the shares at $44.42, the President and CEO now owns 1,973,006 shares.
JP Morgan downgraded its Devon Energy Corp [DVN] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Wolfe Research started covering the stock on July 18, 2024. It rated DVN as “a Peer perform”.
Price Performance Review of DVN
On Friday, Devon Energy Corp [NYSE:DVN] saw its stock fall -0.73% to $33.88. Over the last five days, the stock has lost -3.17%. Devon Energy Corp shares have fallen nearly -24.23% since the year began. Nevertheless, the stocks have fallen -21.37% over the past one year. While a 52-week high of $54.63 was reached on 04/12/24, a 52-week low of $33.88 was recorded on 12/13/24. SMA at 50 days reached $38.84, while 200 days put it at $44.81.
Levels Of Support And Resistance For DVN Stock
The 24-hour chart illustrates a support level at 33.43, which if violated will result in even more drops to 32.98. On the upside, there is a resistance level at 34.29. A further resistance level may holdings at 34.70. The Relative Strength Index (RSI) on the 14-day chart is 26.08, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.08%. Stochastics %K at 5.58% indicates the stock is a buying.
How much short interest is there in Devon Energy Corp?
A steep rise in short interest was recorded in Devon Energy Corp stocks on 2024-11-29, growing by 2.17 million shares to a total of 21.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 18.94 million shares. There was a rise of 10.29%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $59 price target.
