Conoco Phillips’s filing revealed that its Director Murti Arjun N acquired Company’s shares for reported $0.24 million on Dec 20 ’24. In the deal valued at $95.87 per share,2,500 shares were bought. As a result of this transaction, Murti Arjun N now holds 21,500 shares worth roughly $2.07 million.
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Then, WALKER R A bought 10,400 shares, generating $1,017,161 in total proceeds. Upon buying the shares at $97.80, the Director now owns 38,000 shares.
Before that, LEACH TIMOTHY A sold 55,500 shares. Conoco Phillips shares valued at $6,000,255 were divested by the Director at a price of $108.11 per share. As a result of the transaction, LEACH TIMOTHY A now holds 455,909 shares, worth roughly $43.94 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 jump 1.32% to $96.38. Over the last five days, the stock has lost -3.20%. Conoco Phillips shares have fallen nearly -16.52% since the year began. Nevertheless, the stocks have fallen -17.07% over the past one year. While a 52-week high of $134.71 was reached on 04/12/24, a 52-week low of $94.23 was recorded on 12/20/24. SMA at 50 days reached $106.05, while 200 days put it at $113.47.
Levels Of Support And Resistance For COP Stock
The 24-hour chart illustrates a support level at 95.01, which if violated will result in even more drops to 93.65. On the upside, there is a resistance level at 97.31. A further resistance level may holdings at 98.25. The Relative Strength Index (RSI) on the 14-day chart is 28.18, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.89%. Stochastics %K at 8.44% 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.
