--- title: "Top California Resources Executive Makes Major Insider Stock Move" type: "News" locale: "en" url: "https://longbridge.com/en/news/286187950.md" description: "California Resources Corp's Executive Vice President, Michael L. Preston, sold 26,409 shares worth $1,579,522 on May 12, 2026, marking a significant insider transaction. Analysts have mixed views on CRC stock; UBS lowered its price outlook while BofA raised it, citing improved sector conditions. Spark's AI Analyst rates CRC as Neutral, highlighting operational momentum but concerns over earnings stability due to a net loss and declining free cash flow. The stock has a year-to-date performance of 34.35% and a market cap of $5.23B." datetime: "2026-05-13T02:14:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286187950.md) - [en](https://longbridge.com/en/news/286187950.md) - [zh-HK](https://longbridge.com/zh-HK/news/286187950.md) --- # Top California Resources Executive Makes Major Insider Stock Move New insider activity at California Resources Corp ( (CRC) ) has taken place on May 12, 2026. ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Executive Vice President, Chief Strategy Officer and General Counsel Michael L. Preston has sold 26,409 shares of California Resources Corp stock in a recent transaction. The sale of these shares amounts to a total value of $1,579,522, highlighting a notable insider transaction at the company. **Recent Updates on CRC stock** California Resources Corp shares traded against a backdrop of active analyst revisions and fresh fundamental data in the last 24 hours. UBS trimmed its price outlook after the Q1 call, balancing stronger EBITDAX, higher capex and near‑term production volatility, while still viewing upgraded cash‑flow guidance, balance‑sheet improvements and CCS progress as supportive. BofA nudged its price view higher as part of a broader U.S. oil and gas reset, arguing that the sector’s risk‑reward improves with elevated crude, ongoing geopolitical tension and CRC’s merger synergies and capital‑efficiency gains. Recent company updates on derivative‑driven accounting losses, higher but growth‑oriented 2026 capex and lower borrowing costs reinforced a narrative of rising operational momentum but continued sensitivity to commodity prices and California regulation. **Spark’s Take on CRC Stock** According to Spark, TipRanks’ AI Analyst, CRC is a Neutral. The score is anchored by mid-quality financials: CRC still generates meaningful operating cash flow and maintains manageable leverage, but the TTM net loss and declining free cash flow reduce confidence in earnings stability. Technical signals are notably weak (below key moving averages with negative MACD and low RSI/Stoch), which pressures the score despite the earnings call’s strong upgraded guidance, improved efficiency, and balance-sheet/liability management. To see Spark’s full report on CRC stock, click here. **More about California Resources Corp** **YTD Price Performance:** 34.35% **Average Trading Volume:** 1,013,724 **Technical Sentiment Signal:** Buy **Current Market Cap:** $5.23B ### Related Stocks - [CRC.US](https://longbridge.com/en/quote/CRC.US.md) - [UBS.US](https://longbridge.com/en/quote/UBS.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [These Analysts Think California Resources Corporation's (NYSE:CRC) Sales Are Under Threat](https://longbridge.com/en/news/285957058.md) - [Assessing California Resources (CRC) Valuation After Strong Multi Year Share Price Performance](https://longbridge.com/en/news/285055976.md) - [Walmart Stock: Here’s Why Analysts Are Raising Price Targets Before Q1 Earnings.](https://longbridge.com/en/news/286950969.md) - [Q2 EPS Forecast for Avalo Therapeutics Boosted by Analyst](https://longbridge.com/en/news/286903837.md) - [Earnings Beat: Deepak Nitrite Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models](https://longbridge.com/en/news/286980047.md)