Chord Energy Corp’s recent filing unveils that its EVP, CAO, GC & Corp Secretary Kinney Shannon Browning unloaded Company’s shares for reported $0.12 million on Dec 09 ’24. In the deal valued at $121.27 per share,1,000 shares were sold. As a result of this transaction, Kinney Shannon Browning now holds 20,488 shares worth roughly $2.44 million.
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Then, Kinney Shannon Browning bought 1,000 shares, generating $121,270 in total proceeds.
Before that, Brooks Douglas E sold 2 shares. Chord Energy Corp shares valued at $286 were divested by the Director at a price of $143.18 per share. As a result of the transaction, Brooks Douglas E now holds 25,268 shares, worth roughly $3.01 million.
UBS initiated its Chord Energy Corp [CHRD] rating to a Buy in a research note published on October 16, 2024; the price target was $168. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early September with a ‘”a Hold”‘ rating. Wolfe Research began covering CHRD with “Peer perform” recommendation on July 18, 2024.
Price Performance Review of CHRD
On Friday, Chord Energy Corp [NASDAQ:CHRD] saw its stock fall -0.45% to $119.28. Over the last five days, the stock has gained 1.77%. Chord Energy Corp shares have fallen nearly -25.94% since the year began. Nevertheless, the stocks have fallen -22.60% over the past one year. While a 52-week high of $186.59 was reached on 04/12/24, a 52-week low of $115.96 was recorded on 12/06/24. SMA at 50 days reached $128.08, while 200 days put it at $155.70.
Levels Of Support And Resistance For CHRD Stock
The 24-hour chart illustrates a support level at 117.71, which if violated will result in even more drops to 116.15. On the upside, there is a resistance level at 120.23. A further resistance level may holdings at 121.18. The Relative Strength Index (RSI) on the 14-day chart is 37.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.68%. Stochastics %K at 19.32% indicates the stock is a buying.
How much short interest is there in Chord Energy Corp?
A steep rise in short interest was recorded in Chord Energy Corp stocks on 2024-11-29, dropping by -0.87 million shares to a total of 1.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.38 million shares. There was a decline of -57.98%, which implies that there is a negative sentiment for the stock.
