Chevron Corp’s recently made public that its Chairman and CEO Wirth Michael K unloaded Company’s shares for reported $26.36 million on Nov 14 ’24. In the deal valued at $160.13 per share,164,600 shares were sold. As a result of this transaction, Wirth Michael K now holds 4,280 shares worth roughly $0.64 million.
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Then, MICHAEL K WIRTH bought 164,600 shares, generating $26,125,312 in total proceeds.
Before that, GUSTAVSON JEFF B sold 3,750 shares. Chevron Corp shares valued at $600,878 were divested by the Vice President at a price of $160.23 per share. As a result of the transaction, GUSTAVSON JEFF B now holds 477 shares, worth roughly $71244.72.
Citigroup upgraded its Chevron Corp [CVX] rating to a Buy from a a Neutral in a research note published on November 26, 2024; the price target was increased to $185 from $145. A number of analysts have revised their coverage, including DZ Bank’s analysts, who increased its forecast for the stock in early November from “a Hold” to “a Buy”.
Price Performance Review of CVX
On Monday, Chevron Corp [NYSE:CVX] saw its stock fall -2.93% to $149.36. Over the last five days, the stock has lost -4.91%. Chevron Corp shares have risen nearly 0.13% since the year began. Nevertheless, the stocks have fallen -0.38% over the past one year. While a 52-week high of $167.11 was reached on 04/29/24, a 52-week low of $135.37 was recorded on 09/11/24. SMA at 50 days reached $155.09, while 200 days put it at $154.23.
Levels Of Support And Resistance For CVX Stock
The 24-hour chart illustrates a support level at 147.78, which if violated will result in even more drops to 146.19. On the upside, there is a resistance level at 152.42. A further resistance level may holdings at 155.47. The Relative Strength Index (RSI) on the 14-day chart is 31.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.29%. Stochastics %K at 3.96% indicates the stock is a buying.
How much short interest is there in Chevron Corp?
A steep rise in short interest was recorded in Chevron Corp stocks on 2024-11-29, growing by 4.95 million shares to a total of 63.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 58.86 million shares. There was a rise of 7.76%, which implies that there is a positive sentiment for the stock.
