Devon Energy Corp’s recently made public that its EVP Human Resources and Admin Cashion Tana K unloaded Company’s shares for reported $1.02 million on May 07 ’24. In the deal valued at $51.04 per share,20,000 shares were sold. As a result of this transaction, Cashion Tana K now holds 104,182 shares worth roughly $3.87 million.
Then, Muncrief Richard E bought 15,000 shares, generating $666,300 in total proceeds. Upon buying the shares at $44.42, the President and CEO now owns 1,973,006 shares.
The Benchmark Company upgraded its Devon Energy Corp [DVN] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. JP Morgan also remained covering DVN and has decreased its forecast on December 05, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Truist revised its rating on November 07, 2024. It rated DVN as “a Hold” which previously was an “a Buy”.
Price Performance Review of DVN
On Tuesday, Devon Energy Corp [NYSE:DVN] saw its stock jump 1.12% to $37.18. Over the last five days, the stock has gained 10.16%. Devon Energy Corp shares have risen nearly 13.60% since the year began. Nevertheless, the stocks have fallen -13.59% over the past one year. While a 52-week high of $54.63 was reached on 01/13/25, a 52-week low of $30.39 was recorded on 01/02/25. SMA at 50 days reached $35.90, while 200 days put it at $43.46.
Levels Of Support And Resistance For DVN Stock
The 24-hour chart illustrates a support level at 36.68, which if violated will result in even more drops to 36.17. On the upside, there is a resistance level at 37.54. A further resistance level may holdings at 37.89. The Relative Strength Index (RSI) on the 14-day chart is 68.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.86%. Stochastics %K at 90.30% indicates the stock is a selling.
How much short interest is there in Devon Energy Corp?
A steep rise in short interest was recorded in Devon Energy Corp stocks on 2024-12-31, growing by 5.27 million shares to a total of 26.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 21.12 million shares. There was a rise of 19.97%, which implies that there is a positive sentiment for the stock.
