CHRD (Chord Energy Corp) may reap gains as insiders became active recently

NUE

In a filing, Chord Energy Corp revealed its EVP, CAO, GC & Corp Secretary Kinney Shannon Browning unloaded Company’s shares for reported $0.29 million on May 08 ’25. In the deal valued at $94.10 per share,3,091 shares were sold. As a result of this transaction, Kinney Shannon Browning now holds 21,277 shares worth roughly $2.27 million.

Then, Kinney Shannon Browning bought 3,091 shares, generating $290,863 in total proceeds.

Before that, Kinney Shannon Browning sold 1,000 shares. Chord Energy Corp shares valued at $116,350 were divested by the EVP, CAO, GC & Corp Secretary at a price of $116.35 per share. As a result of the transaction, Kinney Shannon Browning now holds 19,488 shares, worth roughly $2.08 million.

BofA Securities upgraded its Chord Energy Corp [CHRD] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Morgan Stanley began covering CHRD with “an Equal-weight” recommendation on January 10, 2025. Wolfe Research revised its rating on January 03, 2025. It rated CHRD as “an Outperform” which previously was an “a Peer perform”.

Price Performance Review of CHRD

On Tuesday, Chord Energy Corp [NASDAQ:CHRD] saw its stock jump 1.09% to $106.86. Over the last five days, the stock has gained 7.34%. Chord Energy Corp shares have fallen nearly -8.60% since the year began. Nevertheless, the stocks have fallen -34.93% over the past one year. While a 52-week high of $179.37 was reached on 01/15/25, a 52-week low of $79.83 was recorded on 04/09/25.

Levels Of Support And Resistance For CHRD Stock

The 24-hour chart illustrates a support level at 105.50, which if violated will result in even more drops to 104.15. On the upside, there is a resistance level at 108.26. A further resistance level may holdings at 109.67.

The most recent change occurred on October 16, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $168 price target.

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