Coterra Energy Inc’s recent filing unveils that its SVP & Chief Technology Officer Smith Kevin William unloaded Company’s shares for reported $0.78 million on Dec 03 ’24. In the deal valued at $26.16 per share,29,643 shares were sold. As a result of this transaction, Smith Kevin William now holds 77,075 shares worth roughly $2.14 million.
Then, Smith Kevin William bought 29,643 shares, generating $775,377 in total proceeds.
Before that, Vela Adam M sold 16,435 shares. Coterra Energy Inc shares valued at $439,801 were divested by the SVP & General Counsel at a price of $26.76 per share. As a result of the transaction, Vela Adam M now holds 72,409 shares, worth roughly $2.01 million.
ROTH MKM upgraded its Coterra Energy Inc [CTRA] rating to a Buy from a a Neutral in a research note published on August 27, 2024; the price target was increased to $29 from $25. Truist revised its rating on May 16, 2024. It rated CTRA as “a Buy” which previously was an “a Hold”.
Price Performance Review of CTRA
On Friday, Coterra Energy Inc [NYSE:CTRA] saw its stock fall -2.36% to $27.72. Over the last five days, the stock has lost -4.48%. Coterra Energy Inc shares have risen nearly 8.54% since the year began. Nevertheless, the stocks have risen 9.52% over the past one year. While a 52-week high of $29.95 was reached on 01/17/25, a 52-week low of $22.30 was recorded on 01/02/25. SMA at 50 days reached $26.56, while 200 days put it at $25.85.
Levels Of Support And Resistance For CTRA Stock
The 24-hour chart illustrates a support level at 27.45, which if violated will result in even more drops to 27.19. On the upside, there is a resistance level at 28.19. A further resistance level may holdings at 28.66. The Relative Strength Index (RSI) on the 14-day chart is 51.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.56%. Stochastics %K at 33.30% indicates the stock is a holding.
How much short interest is there in Coterra Energy Inc?
A steep rise in short interest was recorded in Coterra Energy Inc stocks on 2025-01-15, growing by 4.77 million shares to a total of 22.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 17.35 million shares. There was a rise of 21.57%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $36 price target.
