Ovintiv Inc’s recent filing unveils that its Director Mayson Howard John unloaded Company’s shares for reported $0.2 million on May 31 ’24. In the deal valued at $51.14 per share,4,000 shares were sold. As a result of this transaction, Mayson Howard John now holds 45,279 shares worth roughly $2.07 million.
Then, NANCE STEVEN W sold 12,000 shares, generating $600,000 in total proceeds. Upon selling the shares at $50.00, the Director now owns 8,929 shares.
Before that, Chhina Sippy bought 1,600 shares. Ovintiv Inc shares valued at $79,200 were divested by the Director at a price of $49.50 per share. As a result of the transaction, Chhina Sippy now holds 1,600 shares, worth roughly $73184.0.
BofA Securities upgraded its Ovintiv Inc [OVV] rating to a Buy from a a Neutral in a research note published on January 13, 2025; the price target was decreased to $54 from $55. Evercore ISI also remained covering OVV and has increased its forecast on June 14, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Barclays started covering the stock on April 10, 2024. It rated OVV as “an Overweight”.
Price Performance Review of OVV
On Friday, Ovintiv Inc [NYSE:OVV] saw its stock fall -0.37% to $45.74. Over the last five days, the stock has gained 4.88%. Ovintiv Inc shares have risen nearly 12.94% since the year began. Nevertheless, the stocks have risen 13.58% over the past one year. While a 52-week high of $55.95 was reached on 01/17/25, a 52-week low of $36.90 was recorded on 01/02/25. SMA at 50 days reached $42.43, while 200 days put it at $44.89.
Levels Of Support And Resistance For OVV Stock
The 24-hour chart illustrates a support level at 45.35, which if violated will result in even more drops to 44.95. On the upside, there is a resistance level at 46.15. A further resistance level may holdings at 46.56. The Relative Strength Index (RSI) on the 14-day chart is 71.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.55%. Stochastics %K at 96.03% indicates the stock is a selling.
How much short interest is there in Ovintiv Inc?
A steep rise in short interest was recorded in Ovintiv Inc stocks on 2024-12-31, growing by 0.35 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.27 million shares. There was a rise of 7.55%, which implies that there is a positive sentiment for the stock.
