California Resources Plunges 13.47% Amid Insider Trading Concerns

On April 7, 2025, California Resources experienced a significant drop of 13.47% in pre-market trading, sparking concerns among investors and analysts alike.

One of the key factors contributing to the stock's decline was the recent insider trading activity. On March 5th, James N. Chapman, a director at California Resources, purchased 2,000 shares of the company's stock. While insider buying can sometimes be seen as a positive sign, in this case, it did not prevent the stock from falling.

Additionally, Barclays recently revised its target price for California Resources, lowering it from $57.00 to $55.00 and maintaining an "equal weight" rating. This adjustment reflects the firm's cautious outlook on the company's prospects, which may have further weighed on investor sentiment.