Conoco Phillips’s recently made public that its Director Murti Arjun N acquired Company’s shares for reported $0.24 million on Dec 20 ’24. In the deal valued at $95.87 per share,2,500 shares were bought. As a result of this transaction, Murti Arjun N now holds 21,500 shares worth roughly $ 2.07 million.
Then, WALKER R A bought 10,400 shares, generating $1,017,161 in total proceeds. Upon buying the shares at $97.80, the Director now owns 38,000 shares.
Before that, LEACH TIMOTHY A sold 55,500 shares. Conoco Phillips shares valued at $6,000,255 were divested by the Director at a price of $108.11 per share. As a result of the transaction, LEACH TIMOTHY A now holds 455,909 shares, worth roughly $43.89 million.
Raymond James downgraded its Conoco Phillips [COP] rating to an Outperform from a a Strong buy in a research note published on February 10, 2025; the price target was decreased to $124 from $157. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Mizuho also remained covering COP and has increased its forecast on December 16, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Morgan Stanley started covering the stock on December 16, 2024. It rated COP as “an Overweight”.
Price Performance Review of COP
On Friday, Conoco Phillips [NYSE:COP] saw its stock fall -0.66% to $96.26. Over the last five days, the stock has lost -2.14%. Conoco Phillips shares have fallen nearly -2.93% since the year began. Nevertheless, the stocks have fallen -11.84% over the past one year. While a 52-week high of $134.71 was reached on 01/16/25, a 52-week low of $94.23 was recorded on 02/14/25. SMA at 50 days reached $100.72, while 200 days put it at $108.88.
Levels Of Support And Resistance For COP Stock
The 24-hour chart illustrates a support level at 95.51, which if violated will result in even more drops to 94.76. On the upside, there is a resistance level at 97.74. A further resistance level may holdings at 99.21. The Relative Strength Index (RSI) on the 14-day chart is 37.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.65%. Stochastics %K at 8.23% indicates the stock is a buying.
How much short interest is there in Conoco Phillips?
A steep rise in short interest was recorded in Conoco Phillips stocks on 2025-01-31, growing by 1.16 million shares to a total of 13.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 11.99 million shares. There was a rise of 8.84%, which implies that there is a positive sentiment for the stock.
