Coterra Energy Inc’s recently made public that its SVP & Chief Technology Officer Smith Kevin William unloaded Company’s shares for reported $0.78 million on Dec 03 ’24. In the deal valued at $26.16 per share,29,643 shares were sold. As a result of this transaction, Smith Kevin William now holds 77,075 shares worth roughly $2.03 million.
Then, Smith Kevin William bought 29,643 shares, generating $775,377 in total proceeds.
Before that, Vela Adam M sold 16,435 shares. Coterra Energy Inc shares valued at $439,801 were divested by the SVP & General Counsel at a price of $26.76 per share. As a result of the transaction, Vela Adam M now holds 72,409 shares, worth roughly $1.91 million.
ROTH MKM upgraded its Coterra Energy Inc [CTRA] rating to a Buy from a a Neutral in a research note published on August 27, 2024; the price target was increased to $29 from $25. Truist revised its rating on May 16, 2024. It rated CTRA as “a Buy” which previously was an “a Hold”.
Price Performance Review of CTRA
On Tuesday, Coterra Energy Inc [NYSE:CTRA] saw its stock jump 0.46% to $26.36. Over the last five days, the stock has gained 3.29%. Coterra Energy Inc shares have risen nearly 3.21% since the year began. Nevertheless, the stocks have risen 2.73% over the past one year. While a 52-week high of $28.90 was reached on 01/06/25, a 52-week low of $22.30 was recorded on 01/02/25. SMA at 50 days reached $25.19, while 200 days put it at $25.80.
Levels Of Support And Resistance For CTRA Stock
The 24-hour chart illustrates a support level at 26.11, which if violated will result in even more drops to 25.87. On the upside, there is a resistance level at 26.58. A further resistance level may holdings at 26.81. The Relative Strength Index (RSI) on the 14-day chart is 63.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.91%. Stochastics %K at 85.46% indicates the stock is a selling.
How much short interest is there in Coterra Energy Inc?
A steep rise in short interest was recorded in Coterra Energy Inc stocks on 2024-12-13, growing by 1.0 million shares to a total of 17.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 16.34 million shares. There was a rise of 5.78%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $36 price target.
