In a filing, CVR Energy Inc revealed its 10% Owner ICAHN CARL C acquired Company’s shares for reported $16.03 million on Jan 08 ’25. In the deal valued at $18.25 per share,878,212 shares were bought. As a result of this transaction, ICAHN CARL C now holds 67,570,593 shares worth roughly $1.42 billion.
Tudor Pickering Holt & Co. downgraded its CVR Energy Inc [CVI] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Scotiabank also remained covering CVI and has decreased its forecast on January 16, 2024 with a “Sector underperform” recommendation from previously “Sector perform” rating. UBS started covering the stock on March 09, 2023. It rated CVI as “a Neutral”.
Price Performance Review of CVI
On Friday, CVR Energy Inc [NYSE:CVI] saw its stock fall -2.50% to $21.08. Over the last five days, the stock has gained 11.24%. CVR Energy Inc shares have risen nearly 12.49% since the year began. Nevertheless, the stocks have fallen -28.20% over the past one year. While a 52-week high of $38.07 was reached on 01/16/25, a 52-week low of $15.60 was recorded on 01/07/25. SMA at 50 days reached $18.84, while 200 days put it at $24.67.
Levels Of Support And Resistance For CVI Stock
The 24-hour chart illustrates a support level at 20.72, which if violated will result in even more drops to 20.35. On the upside, there is a resistance level at 21.51. A further resistance level may holdings at 21.95. The Relative Strength Index (RSI) on the 14-day chart is 66.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.90%. Stochastics %K at 93.31% indicates the stock is a selling.
How much short interest is there in CVR Energy Inc?
A steep rise in short interest was recorded in CVR Energy Inc stocks on 2024-12-31, dropping by -1.24 million shares to a total of 4.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.55 million shares. There was a decline of -28.86%, which implies that there is a negative sentiment for the stock.
