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Why Callon Petroleum's Stock is Down During Today's Session

March 9, 2021 9:53 am
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The Price And Volume Action In Callon Petroleum's Stock Today

Callon Petroleum's (NYSE:CPE) stock has been falling Tuesday, down 4.46% to a price of $35.43. The stock's volume is currently 280.05 thousand, which is roughly 7.97% of its recent 30-day volume average of 3.51 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Callon Petroleum shares are trading higher after Johnson Rice upgraded the stock from Hold to Axxumulate and announced a price target of $42 per share.

Further Analysis of Recent Price Action

The stock's 50-day moving average was $19.05 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $40.98 and fallen to a low of $0.38.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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