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The Potential Rise in the Price of Conoco Phillips (COP) following insiders activity

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Conoco Phillips’s recent filing unveils that its Director LEACH TIMOTHY A unloaded Company’s shares for reported $6.0 million on Aug 13 ’24. In the deal valued at $108.11 per share,55,500 shares were sold. As a result of this transaction, LEACH TIMOTHY A now holds 455,909 shares worth roughly $45.39 million.

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Then, Timothy Allen Leach bought 66,757 shares, generating $7,345,273 in total proceeds.

Before that, Olds Nicholas G sold 12,150 shares. Conoco Phillips shares valued at $1,536,280 were divested by the Executive Vice President at a price of $126.44 per share. As a result of the transaction, Olds Nicholas G now holds 14,522 shares, worth roughly $1.45 million.

Mizuho upgraded its Conoco Phillips [COP] rating to an Outperform from a a Neutral in a research note published on December 16, 2024; the price target was increased to $134 from $132. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. JP Morgan revised its rating on December 05, 2024. It rated COP as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of COP

On Monday, Conoco Phillips [NYSE:COP] saw its stock fall -1.44% to $99.57. Over the last five days, the stock has lost -3.48%. Conoco Phillips shares have fallen nearly -13.76% since the year began. Nevertheless, the stocks have fallen -12.92% over the past one year. While a 52-week high of $134.71 was reached on 04/12/24, a 52-week low of $100.58 was recorded on 12/16/24. SMA at 50 days reached $107.61, while 200 days put it at $113.87.

Levels Of Support And Resistance For COP Stock

The 24-hour chart illustrates a support level at 98.84, which if violated will result in even more drops to 98.10. On the upside, there is a resistance level at 100.90. A further resistance level may holdings at 102.22. The Relative Strength Index (RSI) on the 14-day chart is 29.03, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.54%. Stochastics %K at 1.89% indicates the stock is a buying.

How much short interest is there in Conoco Phillips?

A steep rise in short interest was recorded in Conoco Phillips stocks on 2024-11-29, dropping by -8.1 million shares to a total of 14.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 22.36 million shares. There was a decline of -56.84%, which implies that there is a negative sentiment for the stock.

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