The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ovintiv Inc shares valued at $204,560 were sold by Mayson Howard John on May 31 ’24. At $51.14 per share, Mayson Howard John sold 4,000 shares. The insider’s holdings dropped to 45,279 shares worth approximately $1.92 million following the completion of this transaction.
Also, NANCE STEVEN W sold 12,000 shares, netting a total of over 600,000 in proceeds. Following the sale of shares at $50.00 each, the insider now holds 8,929 shares.
Before that, Chhina Sippy had added 1,600 shares to its account. In a trade valued at $79,200, the Director bought Ovintiv Inc shares for $49.50 each. Upon closing the transaction, the insider’s holdings increased to 1,600 shares, worth approximately $67744.0.
As published in a research note from BofA Securities on January 13, 2025, Ovintiv Inc [OVV] has been rated up from a Neutral to a Buy and the price target has been revised to $54 from $55. As of June 14, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for OVV. Earlier on April 10, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for OVV stock.
Analyzing OVV Stock Performance
During the last five days, there has been a drop of approximately -3.49%. Over the course of the year, Ovintiv Inc shares have jumped approximately 4.54%. Shares of the company reached a 52-week high of $46.35 on 01/23/25 and a 52-week low of $40.92 on 01/02/25. A 50-day SMA is recorded $42.56, while a 200-day SMA reached $44.25. Nevertheless, trading volume fell to 3.27 million shares from 2.07 million shares the previous day.
Support And Resistance Levels for Ovintiv Inc (OVV)
According to the 24-hour chart, there is a support level at 41.70, which, if violated, would cause prices to drop to 41.07. In the upper region, resistance lies at 43.39. The next price resistance is at 44.45. RSI (Relative Strength Index) is 45.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 74.26%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
