Chord Energy Corp’s filing revealed that its EVP, CAO, GC & Corp Secretary Kinney Shannon Browning unloaded Company’s shares for reported $0.12 million on Dec 16 ’24. In the deal valued at $116.35 per share,1,000 shares were sold. As a result of this transaction, Kinney Shannon Browning now holds 19,488 shares worth roughly $2.47 million.
Then, Kinney Shannon Browning bought 1,000 shares, generating $116,350 in total proceeds.
Before that, Kinney Shannon Browning sold 1,000 shares. Chord Energy Corp shares valued at $121,270 were divested by the EVP, CAO, GC & Corp Secretary at a price of $121.27 per share. As a result of the transaction, Kinney Shannon Browning now holds 20,488 shares, worth roughly $2.6 million.
BofA Securities downgraded its Chord Energy Corp [CHRD] rating to a Neutral from a a Buy in a research note published on January 13, 2025; the price target was decreased to $138 from $208. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early January with a ‘”an Equal-weight”‘ rating. Wolfe Research also remained covering CHRD and has increased its forecast on January 03, 2025 with a “an Outperform” recommendation from previously “Peer perform” rating. UBS started covering the stock on October 16, 2024. It rated CHRD as “a Buy”.
Price Performance Review of CHRD
On Tuesday, Chord Energy Corp [NASDAQ:CHRD] saw its stock jump 0.75% to $126.70. Over the last five days, the stock has gained 3.72%. Chord Energy Corp shares have risen nearly 8.36% since the year began. Nevertheless, the stocks have fallen -16.49% over the past one year. While a 52-week high of $186.59 was reached on 01/14/25, a 52-week low of $109.59 was recorded on 01/02/25. SMA at 50 days reached $123.03, while 200 days put it at $151.02.
Levels Of Support And Resistance For CHRD Stock
The 24-hour chart illustrates a support level at 125.08, which if violated will result in even more drops to 123.45. On the upside, there is a resistance level at 128.16. A further resistance level may holdings at 129.61. The Relative Strength Index (RSI) on the 14-day chart is 65.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.01%. Stochastics %K at 88.79% indicates the stock is a selling.
How much short interest is there in Chord Energy Corp?
A steep rise in short interest was recorded in Chord Energy Corp stocks on 2024-12-31, growing by 0.34 million shares to a total of 1.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.51 million shares. There was a rise of 18.34%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 06, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $160 price target.
