Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Chevron Corp shares valued at $1,422,109 were sold by GUSTAVSON JEFF B on Feb 07 ’25. At $152.50 per share, GUSTAVSON JEFF B sold 9,325 shares. The insider’s holdings dropped to 1,057 shares worth approximately $0.17 million following the completion of this transaction.
Also, JEFF B GUSTAVSON purchased 9,325 shares, netting a total of over 1,422,109 in proceeds.
Before that, Wirth Michael K had sold 164,600 shares from its account. In a trade valued at $26,356,838, the Chairman and CEO traded Chevron Corp shares for $160.13 each. Upon closing the transaction, the insider’s holdings decreased to 164,600 shares, worth approximately $0.68 million.
As published in a research note from Citigroup on November 26, 2024, Chevron Corp [CVX] has been rated up from a Neutral to a Buy and the price target has been revised to $185 from $145. Analysts at DZ Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November.
Analyzing CVX Stock Performance
During the last five days, there has been a surge of approximately 2.51%. Over the course of the year, Chevron Corp shares have jumped approximately 9.63%. Shares of the company reached a 52-week high of $161.77 on 01/17/25 and a 52-week low of $145.48 on 01/02/25. A 50-day SMA is recorded $152.42, while a 200-day SMA reached $153.02. Nevertheless, trading volume fell to 6.26 million shares from 4.95 million shares the previous day.
Support And Resistance Levels for Chevron Corp (CVX)
According to the 24-hour chart, there is a support level at 157.59, which, if violated, would cause prices to drop to 156.39. In the upper region, resistance lies at 159.47. The next price resistance is at 160.15. RSI (Relative Strength Index) is 60.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.05, which suggests the price will increase in the coming days. Percent R is at 1.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
