Phillips 66’s filing revealed that its Exec. VP and CFO Mitchell Kevin J unloaded Company’s shares for reported $4.17 million on Aug 15 ’24. In the deal valued at $139.01 per share,30,000 shares were sold. As a result of this transaction, Mitchell Kevin J now holds 81,937 shares worth roughly $9.49 million.
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Then, Mitchell Kevin J bought 30,000 shares, generating $4,170,411 in total proceeds.
Before that, Roberts Timothy D. sold 37,742 shares. Phillips 66 shares valued at $5,502,784 were divested by the Executive Vice President at a price of $145.80 per share. As a result of the transaction, Roberts Timothy D. now holds 48,365 shares, worth roughly $5.6 million.
A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering PSX and reiterated its “Buy” recommendation on July 31, 2024.
Price Performance Review of PSX
On Tuesday, Phillips 66 [NYSE:PSX] saw its stock fall -0.40% to $115.83. Over the last five days, the stock has lost -7.79%. Phillips 66 shares have fallen nearly -13.00% since the year began. Nevertheless, the stocks have fallen -10.81% over the past one year. While a 52-week high of $174.08 was reached on 04/05/24, a 52-week low of $116.07 was recorded on 12/17/24. SMA at 50 days reached $129.05, while 200 days put it at $139.44.
Levels Of Support And Resistance For PSX Stock
The 24-hour chart illustrates a support level at 114.70, which if violated will result in even more drops to 113.58. On the upside, there is a resistance level at 116.66. A further resistance level may holdings at 117.50. The Relative Strength Index (RSI) on the 14-day chart is 24.17, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.98%. Stochastics %K at 3.25% indicates the stock is a buying.
How much short interest is there in Phillips 66?
A steep rise in short interest was recorded in Phillips 66 stocks on 2024-11-29, growing by 1.13 million shares to a total of 7.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.06 million shares. There was a rise of 15.68%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 21, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $155.
