Insider Buying Update for Wednesday, November 12: CRSR, COP
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Corsair Gaming Insider Purchase: Director Samuel R. Szteinbaum bought 100,000 shares of Corsair Gaming (CRSR) at $6.59 each, totaling $658,770, with the stock up 2.1% on Wednesday.
ConocoPhillips Insider Purchase: William H. McRaven purchased $500,000 worth of ConocoPhillips shares, acquiring 5,768 shares at $86.68 each, marking his first purchase in a year, while the stock is down 1.1% on Wednesday.
Market Performance: McRaven's investment in ConocoPhillips saw a peak gain of 4.1% during the trading session, with shares reaching $90.26 at one point.
Disclaimer: The views expressed in the report are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
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Analyst Views on COP
Wall Street analysts forecast COP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COP is 113.39 USD with a low forecast of 98.00 USD and a high forecast of 132.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 101.390
Low
98.00
Averages
113.39
High
132.00
Current: 101.390
Low
98.00
Averages
113.39
High
132.00
About COP
ConocoPhillips is an exploration and production company. Its Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and NGLs. The Lower 48 segment consists of operations located in the 48 contiguous states in the United States and the Gulf of Mexico. Canadian operations consist of the Surmont oil sands development in Alberta, the liquids-rich Montney unconventional play in British Columbia and commercial operations. The Europe, Middle East and North Africa segment consists of operations principally located in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar, Libya, Equatorial Guinea and commercial and terminalling operations in the United Kingdom. Asia Pacific segment has exploration and production operations in China, Malaysia, Australia and commercial operations in China, Singapore and Japan. Other International segment includes interests in Colombia as well as contingencies associated with prior operations in other countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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