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. Corteva Inc shares valued at $2,993,477 were sold by Magro Charles V. on Feb 19 ’25. At $63.82 per share, Magro Charles V. sold 46,905 shares. The insider’s holdings dropped to 231,896 shares worth approximately $14.8 million following the completion of this transaction.
Also, TITUS BRIAN purchased 26,560 shares, netting a total of over 1,689,216 in proceeds.
Before that, Magro Charles V. had added 46,905 shares to its account. In a trade valued at $2,993,662, the Officer bought Corteva Inc shares for $63.82 each.
As published in their initiating research note from Citigroup on October 23, 2024, Corteva Inc [CTVA] has been a Buy and the price target has been revised to $68. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of August 07, 2024, Argus has decreased its “Buy” rating to a “Hold” for CTVA. Earlier on April 12, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CTVA stock which previously was a “an Overweight”.
Analyzing CTVA Stock Performance
During the last five days, there has been a surge of approximately 2.85%. Over the course of the year, Corteva Inc shares have jumped approximately 12.06%. Shares of the company reached a 52-week high of $66.24 on 01/30/25 and a 52-week low of $55.68 on 01/10/25. A 50-day SMA is recorded $60.75, while a 200-day SMA reached $57.32. Nevertheless, trading volume fell to 1.92 million shares from 2.38 million shares the previous day.
Support And Resistance Levels for Corteva Inc (CTVA)
According to the 24-hour chart, there is a support level at 63.37, which, if violated, would cause prices to drop to 62.91. In the upper region, resistance lies at 64.12. The next price resistance is at 64.41. RSI (Relative Strength Index) is 55.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 44.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
