Noble Corp Plc’s recently made public that its SVP, Ops. Excellence & Sust ALTING CAROLINE unloaded Company’s shares for reported $0.32 million on Mar 11 ’24. In the deal valued at $44.60 per share,7,274 shares were sold. As a result of this transaction, ALTING CAROLINE now holds 0 shares worth roughly $0.0.
Then, Barker Richard B. sold 45,000 shares, generating $1,909,350 in total proceeds. Upon selling the shares at $42.43, the EVP and CFO now owns 239,342 shares.
Before that, ALTING CAROLINE sold 3,138 shares. Noble Corp Plc shares valued at $163,050 were divested by the SVP, Operational Excellence at a price of $51.96 per share. As a result of the transaction, ALTING CAROLINE now holds 1,553 shares, worth roughly $79047.7.
A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Citigroup began covering NE with “Buy” recommendation on July 05, 2023. The Benchmark Company started covering the stock on January 19, 2023. It rated NE as “a Buy”.
Price Performance Review of NE
On Tuesday, Noble Corp Plc [NYSE:NE] saw its stock fall -0.31% to $50.90. Over the last five days, the stock has gained 3.71%. Noble Corp Plc shares have risen nearly 5.69% since the year began. Nevertheless, the stocks have risen 34.55% over the past one year. While a 52-week high of $55.34 was reached on 04/08/24, a 52-week low of $34.85 was recorded on 02/23/24. SMA at 50 days reached $45.54, while 200 days put it at $47.41. A total of 0.86 million shares were traded, compared to the trading of 1.59 million shares in the previous session.
Levels Of Support And Resistance For NE Stock
The 24-hour chart illustrates a support level at 50.43, which if violated will result in even more drops to 49.96. On the upside, there is a resistance level at 51.57. A further resistance level may holdings at 52.25. The Relative Strength Index (RSI) on the 14-day chart is 71.75, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.88%. Stochastics %K at 81.78% indicates the stock is a selling.
How much short interest is there in Noble Corp Plc?
A steep rise in short interest was recorded in Noble Corp Plc stocks on Mar 28, 2024, growing by 0.87 million shares to a total of 7.29 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 6.42 million shares. There was a rise of 11.93%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.37% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.26.
