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Buying Buzz: Crescent Energy Co [CRGY] insider Shi Bo purchases 950 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Crescent Energy Co shares valued at $10,574 were purchased by Shi Bo on Sep 05 ’24. At $11.13 per share, Shi Bo acquired 950 shares. The insider’s holdings grew to 45,811 shares worth approximately $0.64 million following the completion of this transaction.

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Also, Falk Todd purchased 1,000 shares, netting a total of over 11,240 in proceeds. Following the buying of shares at $11.24 each, the insider now holds 7,000 shares.

Before that, Rockecharlie David C. had added 10,000 shares to its account. In a trade valued at $110,700, the insider bought Crescent Energy Co shares for $11.07 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $1.53 million.

As published in their initiating research note from Pickering Energy Partners on October 28, 2024, Crescent Energy Co [CRGY] has been an Outperform. As of September 18, 2024, JP Morgan has initiated its “Neutral” rating for CRGY.

Analyzing CRGY Stock Performance

During the last five days, there has been a drop of approximately -0.72%. Over the course of the year, Crescent Energy Co shares have jumped approximately 5.00%. Shares of the company reached a 52-week high of $15.54 on 11/22/24 and a 52-week low of $9.88 on 08/05/24. A 50-day SMA is recorded $13.66, while a 200-day SMA reached $12.16. Nevertheless, trading volume fell to 0.81 million shares from 2.69 million shares the previous day.

Support And Resistance Levels for Crescent Energy Co (CRGY)

According to the 24-hour chart, there is a support level at 13.54, which, if violated, would cause prices to drop to 13.21. In the upper region, resistance lies at 14.05. The next price resistance is at 14.23. RSI (Relative Strength Index) is 48.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 54.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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