Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. California Resources Corporation shares valued at $775 were purchased by CHAPMAN JAMES N on Mar 21 ’25. At $44.49 per share, CHAPMAN JAMES N acquired 17 shares. The insider’s holdings grew to 43,462 shares worth approximately $1.9 million following the completion of this transaction.
Also, CHAPMAN JAMES N purchased 2,000 shares, netting a total of over 78,840 in proceeds. Following the buying of shares at $39.42 each, the insider now holds 43,445 shares.
Before that, Hayat Omar had sold 16,016 shares from its account. In a trade valued at $883,821, the EVP – Operations traded California Resources Corporation shares for $55.18 each. Upon closing the transaction, the insider’s holdings decreased to 16,016 shares, worth approximately $1.35 million.
As published in a research note from Citigroup on April 07, 2025, California Resources Corporation [CRC] has been rated down from a Buy to a Neutral and the price target has been revised to $36. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of December 20, 2024, JP Morgan has initiated its “Neutral” rating for CRC. Earlier on October 24, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for CRC stock.
Analyzing CRC Stock Performance
During the last five days, there has been a surge of approximately 13.80%. Over the course of the year, California Resources Corporation shares have dropped approximately -15.63%. Shares of the company reached a 52-week high of $55.06 on 01/22/25 and a 52-week low of $30.97 on 04/09/25. A 50-day SMA is recorded $39.37, while a 200-day SMA reached $48.63.
Support And Resistance Levels for California Resources Corporation (CRC)
According to the 24-hour chart, there is a support level at 43.38, which, if violated, would cause prices to drop to 42.98. In the upper region, resistance lies at 44.14. The next price resistance is at 44.50. RSI (Relative Strength Index) is 68.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.20, which suggests the price will increase in the coming days. Percent R is at 3.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
