Chevron Corp’s recent filing unveils that its Chairman and CEO Wirth Michael K unloaded Company’s shares for reported $26.36 million on Nov 14 ’24. In the deal valued at $160.13 per share,164,600 shares were sold. As a result of this transaction, Wirth Michael K now holds 4,280 shares worth roughly $0.68 million.
Then, MICHAEL K WIRTH bought 164,600 shares, generating $26,125,312 in total proceeds.
Before that, GUSTAVSON JEFF B sold 3,750 shares. Chevron Corp shares valued at $600,878 were divested by the Vice President at a price of $160.23 per share. As a result of the transaction, GUSTAVSON JEFF B now holds 477 shares, worth roughly $75480.48000000001.
Citigroup upgraded its Chevron Corp [CVX] rating to a Buy from a a Neutral in a research note published on November 26, 2024; the price target was increased to $185 from $145. A number of analysts have revised their coverage, including DZ Bank’s analysts, who increased its forecast for the stock in early November from “a Hold” to “a Buy”.
Price Performance Review of CVX
On Tuesday, Chevron Corp [NYSE:CVX] saw its stock fall -2.00% to $158.24. Over the last five days, the stock has gained 1.86%. Chevron Corp shares have risen nearly 9.25% since the year began. Nevertheless, the stocks have risen 11.58% over the past one year. While a 52-week high of $167.11 was reached on 01/17/25, a 52-week low of $135.37 was recorded on 01/02/25. SMA at 50 days reached $154.53, while 200 days put it at $153.67.
Levels Of Support And Resistance For CVX Stock
The 24-hour chart illustrates a support level at 156.69, which if violated will result in even more drops to 155.13. On the upside, there is a resistance level at 160.60. A further resistance level may holdings at 162.95. The Relative Strength Index (RSI) on the 14-day chart is 62.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.18%. Stochastics %K at 92.91% indicates the stock is a selling.
How much short interest is there in Chevron Corp?
A steep rise in short interest was recorded in Chevron Corp stocks on 2024-12-31, dropping by -2.93 million shares to a total of 60.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 63.81 million shares. There was a decline of -4.81%, which implies that there is a negative sentiment for the stock.
