The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Phillips 66 shares valued at $4,170,411 were sold by Mitchell Kevin J on Aug 15 ’24. At $139.01 per share, Mitchell Kevin J sold 30,000 shares. The insider’s holdings dropped to 81,937 shares worth approximately $9.71 million following the completion of this transaction.
Also, Mitchell Kevin J purchased 30,000 shares, netting a total of over 4,170,411 in proceeds.
Before that, Roberts Timothy D. had sold 37,742 shares from its account. In a trade valued at $5,502,784, the Executive Vice President traded Phillips 66 shares for $145.80 each. Upon closing the transaction, the insider’s holdings decreased to 37,742 shares, worth approximately $5.73 million.
As published in a research note from Wolfe Research on January 03, 2025, Phillips 66 [PSX] has been rated up from a Peer perform to an Outperform and the price target has been revised to $143. As of September 11, 2024, TD Cowen has reiterated its “Buy” rating for PSX. Earlier on July 31, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for PSX stock.
Analyzing PSX Stock Performance
During the last five days, there has been a surge of approximately 1.09%. Over the course of the year, Phillips 66 shares have jumped approximately 4.06%. Shares of the company reached a 52-week high of $120.98 on 01/17/25 and a 52-week low of $112.48 on 01/10/25. A 50-day SMA is recorded $122.81, while a 200-day SMA reached $134.77. Nevertheless, trading volume fell to 2.17 million shares from 3.61 million shares the previous day.
Support And Resistance Levels for Phillips 66 (PSX)
According to the 24-hour chart, there is a support level at 117.66, which, if violated, would cause prices to drop to 116.77. In the upper region, resistance lies at 120.13. The next price resistance is at 121.71. RSI (Relative Strength Index) is 50.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.97, which suggests the price will increase in the coming days. Percent R is at 27.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
