Ovintiv Inc’s filing revealed 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 $1.91 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 $67552.0.
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 -3.76% to $42.22. Over the last five days, the stock has lost -5.95%. Ovintiv Inc shares have risen nearly 4.25% since the year began. Nevertheless, the stocks have fallen -2.99% over the past one year. While a 52-week high of $55.95 was reached on 01/23/25, a 52-week low of $36.90 was recorded on 01/02/25. SMA at 50 days reached $42.77, while 200 days put it at $44.43.
Levels Of Support And Resistance For OVV Stock
The 24-hour chart illustrates a support level at 41.66, which if violated will result in even more drops to 41.10. On the upside, there is a resistance level at 43.22. A further resistance level may holdings at 44.22. The Relative Strength Index (RSI) on the 14-day chart is 43.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.18%. Stochastics %K at 26.85% indicates the stock is a holding.
How much short interest is there in Ovintiv Inc?
A steep rise in short interest was recorded in Ovintiv Inc stocks on 2025-01-15, growing by 0.86 million shares to a total of 4.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.11 million shares. There was a rise of 17.25%, which implies that there is a positive sentiment for the stock.
