Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Civitas Resources Inc shares valued at $509,356,394 were sold by CANADA PENSION PLAN INVESTMENT on May 15 ’24. At $73.22 per share, CANADA PENSION PLAN INVESTMENT sold 6,956,520 shares. The insider’s holdings dropped to 9,524,201 shares worth approximately $280.3 million following the completion of this transaction.
As published in a research note from BMO Capital Markets on March 24, 2025, Civitas Resources Inc [CIVI] has been rated down from an Outperform to a Market perform and the price target has been revised to $42 from $50. Analysts at Siebert Williams Shank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early March. As of February 26, 2025, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for CIVI. Earlier on February 25, 2025, Pickering Energy Partners downgraded its rating. Their new recommendation was “a Neutral” for CIVI stock which previously was a “an Outperform”.
Analyzing CIVI Stock Performance
During the last five days, there has been a surge of approximately 5.18%. Over the course of the year, Civitas Resources Inc shares have dropped approximately -35.84%. Shares of the company reached a 52-week high of $55.35 on 01/16/25 and a 52-week low of $22.79 on 04/07/25. A 50-day SMA is recorded $35.28, while a 200-day SMA reached $49.74.
Support And Resistance Levels for Civitas Resources Inc (CIVI)
According to the 24-hour chart, there is a support level at 28.93, which, if violated, would cause prices to drop to 28.44. In the upper region, resistance lies at 29.79. The next price resistance is at 30.16. RSI (Relative Strength Index) is 45.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.74, which suggests the price will increase in the coming days. Percent R is at 17.71%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
