Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Devon Energy Corp shares valued at $1,020,800 were sold by Cashion Tana K on May 07 ’24. At $51.04 per share, Cashion Tana K sold 20,000 shares. The insider’s holdings dropped to 104,182 shares worth approximately $3.8 million following the completion of this transaction.
Also, Muncrief Richard E purchased 15,000 shares, netting a total of over 666,300 in proceeds. Following the buying of shares at $44.42 each, the insider now holds 1,973,006 shares.
As published in a research note from Bernstein on January 15, 2025, Devon Energy Corp [DVN] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $45. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 03, 2025, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for DVN. Earlier on December 05, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for DVN stock which previously was a “an Overweight”.
Analyzing DVN Stock Performance
During the last five days, there has been a drop of approximately -5.15%. Over the course of the year, Devon Energy Corp shares have jumped approximately 11.37%. Shares of the company reached a 52-week high of $38.73 on 01/15/25 and a 52-week low of $33.15 on 01/02/25. A 50-day SMA is recorded $35.70, while a 200-day SMA reached $43.03. Nevertheless, trading volume fell to 6.54 million shares from 7.97 million shares the previous day.
Support And Resistance Levels for Devon Energy Corp (DVN)
According to the 24-hour chart, there is a support level at 36.10, which, if violated, would cause prices to drop to 35.75. In the upper region, resistance lies at 37.01. The next price resistance is at 37.57. RSI (Relative Strength Index) is 56.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 40.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
