Baker Hughes Co’s recent filing unveils that its SVP, Enterprise Op Excellence Apostolides James E unloaded Company’s shares for reported $0.29 million on Mar 05 ’24. In the deal valued at $29.44 per share,10,000 shares were sold. As a result of this transaction, Apostolides James E now holds 14,451 shares worth roughly $0.49 million.
Then, BORRAS MARIA C sold 10,000 shares, generating $335,300 in total proceeds. Upon selling the shares at $33.53, the EVP, Oilfield Services & Equip now owns 59,463 shares.
Before that, BORRAS MARIA C sold 10,000 shares. Baker Hughes Co shares valued at $344,900 were divested by the EVP, Oilfield Services & Equip at a price of $34.49 per share. As a result of the transaction, BORRAS MARIA C now holds 59,463 shares, worth roughly $2.04 million.
Wolfe Research downgraded its Baker Hughes Co [BKR] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late January has reiterated a ‘”an Outperform”‘ rating for it. CapitalOne started covering the stock on June 07, 2023. It rated BKR as “an Overweight”.
Price Performance Review of BKR
On Monday, Baker Hughes Co [NASDAQ:BKR] saw its stock fall -0.17% to $34.25. Over the last five days, the stock has gained 2.42%. Baker Hughes Co shares have risen nearly 0.20% since the year began. Nevertheless, the stocks have risen 17.94% over the past one year. While a 52-week high of $37.58 was reached on 01/02/24, a 52-week low of $26.81 was recorded on 02/05/24. SMA at 50 days reached $30.92, while 200 days put it at $33.39. A total of 4.43 million shares were traded, compared to the trading of 7.58 million shares in the previous session.
Levels Of Support And Resistance For BKR Stock
The 24-hour chart illustrates a support level at 34.09, which if violated will result in even more drops to 33.93. On the upside, there is a resistance level at 34.47. A further resistance level may holdings at 34.68. The Relative Strength Index (RSI) on the 14-day chart is 73.00, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.66%. Stochastics %K at 84.85% indicates the stock is a selling.
How much short interest is there in Baker Hughes Co?
A steep rise in short interest was recorded in Baker Hughes Co stocks on Mar 15, 2024, growing by 3.67 million shares to a total of 24.77 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 21.1 million shares. There was a rise of 14.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.75% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.81.
The most recent change occurred on April 19, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $31 price target.
