The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Conoco Phillips shares valued at $239,675 were purchased by Murti Arjun N on Dec 20 ’24. At $95.87 per share, Murti Arjun N acquired 2,500 shares. The insider’s holdings grew to 21,500 shares worth approximately $2.09 million following the completion of this transaction.
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Also, WALKER R A purchased 10,400 shares, netting a total of over 1,017,161 in proceeds. Following the buying of shares at $97.80 each, the insider now holds 38,000 shares.
Before that, LEACH TIMOTHY A had sold 55,500 shares from its account. In a trade valued at $6,000,255, the Director traded Conoco Phillips shares for $108.11 each. Upon closing the transaction, the insider’s holdings decreased to 55,500 shares, worth approximately $44.27 million.
As published in a research note from Mizuho on December 16, 2024, Conoco Phillips [COP] has been rated up from a Neutral to an Outperform and the price target has been revised to $134 from $132. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid December. Earlier on December 05, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for COP stock which previously was a “a Neutral”.
Analyzing COP Stock Performance
During the last five days, there has been a drop of approximately -1.20%. Over the course of the year, Conoco Phillips shares have dropped approximately -15.92%. Shares of the company reached a 52-week high of $135.18 on 04/12/24 and a 52-week low of $94.23 on 12/20/24. A 50-day SMA is recorded $105.80, while a 200-day SMA reached $113.38. Nevertheless, trading volume fell to 2.68 million shares from 7.86 million shares the previous day.
Support And Resistance Levels for Conoco Phillips (COP)
According to the 24-hour chart, there is a support level at 96.24, which, if violated, would cause prices to drop to 95.38. In the upper region, resistance lies at 97.58. The next price resistance is at 98.06. RSI (Relative Strength Index) is 31.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.42, which suggests the price will decrease in the coming days. Percent R is at 75.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
