Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Civitas Resources Inc shares valued at $509,356,394 were sold by CANADA PENSION PLAN INVESTMENT on May 15 ’24. At $73.22 per share, CANADA PENSION PLAN INVESTMENT sold 6,956,520 shares. The insider’s holdings dropped to 9,524,201 shares worth approximately $458.02 million following the completion of this transaction.
As published in their initiating research note from Morgan Stanley on January 10, 2025, Civitas Resources Inc [CIVI] has been an Overweight and the price target has been revised to $64. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of September 18, 2024, JP Morgan has initiated its “an Overweight” rating for CIVI.
Analyzing CIVI Stock Performance
During the last five days, there has been a drop of approximately -6.77%. Over the course of the year, Civitas Resources Inc shares have jumped approximately 4.84%. Shares of the company reached a 52-week high of $55.35 on 01/16/25 and a 52-week low of $46.61 on 01/02/25. A 50-day SMA is recorded $49.09, while a 200-day SMA reached $59.07. Nevertheless, trading volume fell to 1.18 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Civitas Resources Inc (CIVI)
According to the 24-hour chart, there is a support level at 47.35, which, if violated, would cause prices to drop to 46.60. In the upper region, resistance lies at 49.27. The next price resistance is at 50.44. RSI (Relative Strength Index) is 39.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.92, which suggests the price will decrease in the coming days. Percent R is at 95.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
