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Crescent Energy Co (CRGY) receives a Buy rating from Siebert Williams Shank

Crescent Energy Co’s recent filing unveils that its insider Shi Bo acquired Company’s shares for reported $10574.0 on Sep 05 ’24. In the deal valued at $11.13 per share,950 shares were bought. As a result of this transaction, Shi Bo now holds 45,811 shares worth roughly $0.49 million.

Then, Falk Todd bought 1,000 shares, generating $11,240 in total proceeds. Upon buying the shares at $11.24, the insider now owns 7,000 shares.

Before that, Rockecharlie David C. bought 10,000 shares. Crescent Energy Co shares valued at $110,700 were divested by the insider at a price of $11.07 per share. As a result of the transaction, Rockecharlie David C. now holds 110,000 shares, worth roughly $1.17 million.

Siebert Williams Shank initiated its Crescent Energy Co [CRGY] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Pickering Energy Partners’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. JP Morgan started covering the stock on September 18, 2024. It rated CRGY as “a Neutral”.

Price Performance Review of CRGY

On Friday, Crescent Energy Co [NYSE:CRGY] saw its stock fall -1.66% to $10.64. Over the last five days, the stock has lost -15.69%. Crescent Energy Co shares have fallen nearly -27.17% since the year began. Nevertheless, the stocks have fallen -10.81% over the past one year. While a 52-week high of $16.94 was reached on 01/15/25, a 52-week low of $9.88 was recorded on 03/05/25. SMA at 50 days reached $14.65, while 200 days put it at $12.94.

Levels Of Support And Resistance For CRGY Stock

The 24-hour chart illustrates a support level at 10.46, which if violated will result in even more drops to 10.28. On the upside, there is a resistance level at 11.00. A further resistance level may holdings at 11.36. The Relative Strength Index (RSI) on the 14-day chart is 14.65, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.46%. Stochastics %K at 9.24% indicates the stock is a buying.

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