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 $1,692,934 were sold by TITUS BRIAN on Feb 20 ’25. At $63.74 per share, TITUS BRIAN sold 26,560 shares. The insider’s holdings dropped to 11,347 shares worth approximately $0.71 million following the completion of this transaction.
Also, Magro Charles V. sold 46,905 shares, netting a total of over 2,993,477 in proceeds. Following the sale of shares at $63.82 each, the insider now holds 231,896 shares.
Before that, TITUS BRIAN had added 26,560 shares to its account. In a trade valued at $1,689,216, the Officer bought Corteva Inc shares for $63.60 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 drop of approximately -1.32%. Over the course of the year, Corteva Inc shares have jumped approximately 10.25%. 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 $61.00, while a 200-day SMA reached $57.44. Nevertheless, trading volume fell to 3.28 million shares from 2.08 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 62.28, which, if violated, would cause prices to drop to 61.75. In the upper region, resistance lies at 63.23. The next price resistance is at 63.65. RSI (Relative Strength Index) is 50.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 51.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
