Finance

How Insiders and Institutions are Trading California Resources Corporation (CRC)

Recent insider trends for California Resources Corporation (NYSE:CRC) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of CRC, the data has a lot to say about how the stock might perform going forward.

Institutions own 75.81% of California Resources Corporation (CRC)’s shares. The total value of these holdings, in millions, is $517. Among active positions in the latest quarter, 80 holders increased their positions by a total of 5.78 million shares, 104 holders decreased the positions by a total of 6.14 million shares, and 82 holders held their positions. This works out to a net decrease in ownership of 358773 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 30 holders initiated new positions by a total of 1.6 million shares and 43 holders exited their positions by a total of 1.57 million shares. This nets out to an increase of 25660 shares and is a bullish sign for CRC.

In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 7551 shares, which suggests that CRC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 27 buys and 31 sells, and ownership increased by a net of 406026 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. California Resources Corporation (NYSE:CRC)’s short interest is 13.94 million shares, or 36.27% of the float. This represents a decrease of -1% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for CRC. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CRC is a Strong buy, which implies that CRC is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that California Resources Corporation (NYSE:CRC) is undervalued.

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