Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chord Energy Corp shares valued at $116,350 were sold by Kinney Shannon Browning on Dec 16 ’24. At $116.35 per share, Kinney Shannon Browning sold 1,000 shares. The insider’s holdings dropped to 19,488 shares worth approximately $2.14 million following the completion of this transaction.
Also, Kinney Shannon Browning purchased 1,000 shares, netting a total of over 116,350 in proceeds.
Before that, Kinney Shannon Browning had sold 1,000 shares from its account. In a trade valued at $121,270, the EVP, CAO, GC & Corp Secretary traded Chord Energy Corp shares for $121.27 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.25 million.
As published in a research note from BofA Securities on January 13, 2025, Chord Energy Corp [CHRD] has been rated down from a Buy to a Neutral and the price target has been revised to $138 from $208. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early January. As of January 03, 2025, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for CHRD. Earlier on October 16, 2024, UBS initiated its rating. Their recommendation was “a Buy” for CHRD stock.
Analyzing CHRD Stock Performance
During the last five days, there has been a drop of approximately -0.98%. Over the course of the year, Chord Energy Corp shares have dropped approximately -6.20%. Shares of the company reached a 52-week high of $129.32 on 01/15/25 and a 52-week low of $107.24 on 02/06/25. A 50-day SMA is recorded $117.98, while a 200-day SMA reached $144.40. Nevertheless, trading volume fell to 0.6 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Chord Energy Corp (CHRD)
According to the 24-hour chart, there is a support level at 107.82, which, if violated, would cause prices to drop to 105.97. In the upper region, resistance lies at 112.98. The next price resistance is at 116.29. RSI (Relative Strength Index) is 36.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 83.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
