Corteva Inc’s recently made public that its SVP, Gen Counsel and Secretary FUERER CORNEL B unloaded Company’s shares for reported $2.39 million on Nov 26 ’24. In the deal valued at $63.40 per share,37,672 shares were sold. As a result of this transaction, FUERER CORNEL B now holds 126,961 shares worth roughly $7.3 million.
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Then, FUERER CORNEL B bought 37,672 shares, generating $2,388,314 in total proceeds.
Before that, FUERER CORNEL B sold 39,736 shares. Corteva Inc shares valued at $2,281,244 were divested by the SVP, Gen Counsel and Secretary at a price of $57.41 per share. As a result of the transaction, FUERER CORNEL B now holds 126,628 shares, worth roughly $7.28 million.
Citigroup initiated its Corteva Inc [CTVA] rating to a Buy in a research note published on October 23, 2024; the price target was $68. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Argus also remained covering CTVA and has decreased its forecast on August 07, 2024 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on April 12, 2024. It rated CTVA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CTVA
On Friday, Corteva Inc [NYSE:CTVA] saw its stock jump 2.35% to $57.48. Over the last five days, the stock has lost -3.38%. Corteva Inc shares have risen nearly 19.95% since the year began. Nevertheless, the stocks have risen 23.37% over the past one year. While a 52-week high of $64.20 was reached on 11/25/24, a 52-week low of $44.01 was recorded on 01/19/24. SMA at 50 days reached $59.63, while 200 days put it at $56.19.
Levels Of Support And Resistance For CTVA Stock
The 24-hour chart illustrates a support level at 56.56, which if violated will result in even more drops to 55.63. On the upside, there is a resistance level at 58.15. A further resistance level may holdings at 58.81. The Relative Strength Index (RSI) on the 14-day chart is 41.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.15%. Stochastics %K at 11.40% indicates the stock is a buying.
How much short interest is there in Corteva Inc?
A steep rise in short interest was recorded in Corteva Inc stocks on 2024-11-29, growing by 1.45 million shares to a total of 11.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 10.16 million shares. There was a rise of 12.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $67 price target.
