California Resources Corporation’s recent filing unveils that its EVP – Operations Hayat Omar unloaded Company’s shares for reported $0.88 million on Dec 12 ’24. In the deal valued at $55.18 per share,16,016 shares were sold. As a result of this transaction, Hayat Omar now holds 30,940 shares worth roughly $1.5 million.
Then, Preston Michael L. sold 83,000 shares, generating $4,580,559 in total proceeds. Upon selling the shares at $55.19, the EVP, Chf Strategy Officer & GC now owns 41,938 shares.
Before that, Preston Michael L. bought 83,000 shares. California Resources Corporation shares valued at $4,580,561 were divested by the Officer at a price of $55.19 per share.
Truist initiated its California Resources Corporation [CRC] rating to a Buy in a research note published on January 13, 2025; the price target was $75. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Jefferies began covering CRC with “Buy” recommendation on October 24, 2024. Stephens started covering the stock on October 22, 2024. It rated CRC as “an Overweight”.
Price Performance Review of CRC
On Tuesday, California Resources Corporation [NYSE:CRC] saw its stock jump 0.08% to $48.57. Over the last five days, the stock has lost -4.93%. California Resources Corporation shares have fallen nearly -6.40% since the year began. Nevertheless, the stocks have risen 2.17% over the past one year. While a 52-week high of $60.41 was reached on 01/22/25, a 52-week low of $43.09 was recorded on 02/04/25. SMA at 50 days reached $53.66, while 200 days put it at $51.80.
Levels Of Support And Resistance For CRC Stock
The 24-hour chart illustrates a support level at 47.87, which if violated will result in even more drops to 47.17. On the upside, there is a resistance level at 49.27. A further resistance level may holdings at 49.96. The Relative Strength Index (RSI) on the 14-day chart is 28.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.26%. Stochastics %K at 6.08% indicates the stock is a buying.
How much short interest is there in California Resources Corporation?
A steep rise in short interest was recorded in California Resources Corporation stocks on 2025-01-15, growing by 54228.0 shares to a total of 3.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.22 million shares. There was a rise of 1.65%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 16, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $68 price target.
