Chevron Stock Hits New High, Despite Insider Sale
Chevron's stock price has been on an upward trend, with the company trading at $200.72 as of August 11, 2026, reflecting a 1.52% increase from previous levels.
The stock remains above both short- and medium-term moving averages, indicating ongoing strength in the current session.
A notable insider transaction occurred when Jeff B. Gustavson, President of New Energies at Chevron, sold 14,044 shares for approximately $2.74 million on August 11, 2026.
However, this move is being viewed as part of larger institutional flows rather than a change in Chevron's outlook, with demand for the company's stock remaining firm.
The Ichimoku Kijun line at $196.49 provides immediate support, while RSI stands at 79.47 and MACD signals Buy, confirming strong upward momentum.