Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Helmerich & Payne, Inc. shares valued at $90,194 were sold by Lennox Michael on Mar 01 ’24. At $38.81 per share, Lennox Michael sold 2,324 shares. The insider’s holdings dropped to 100,322 shares worth approximately $4.26 million following the completion of this transaction.
Also, Lennox Michael sold 10,176 shares, netting a total of over 391,878 in proceeds. Following the sale of shares at $38.51 each, the insider now holds 102,646 shares.
Before that, HELMERICH HANS had sold 74,373 shares from its account. In a trade valued at $3,246,381, the Director traded Helmerich & Payne, Inc. shares for $43.65 each. Upon closing the transaction, the insider’s holdings decreased to 74,373 shares, worth approximately $53.7 million.
As published in a research note from The Benchmark Company on January 16, 2024, Helmerich & Payne, Inc. [HP] has been rated down from a Buy to a Hold. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of January 08, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for HP. Earlier on January 02, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for HP stock which previously was a “a Buy”.
Analyzing HP Stock Performance
During the last five days, there has been a drop of approximately -1.37%. Over the course of the year, Helmerich & Payne, Inc. shares have jumped approximately 17.64%. Shares of the company reached a 52-week high of $44.11 on 04/08/24 and a 52-week low of $32.17 on 01/17/24. A 50-day SMA is recorded $39.97, while a 200-day SMA reached $39.50. Nevertheless, trading volume fell to 0.99 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Helmerich & Payne, Inc. (HP)
According to the 24-hour chart, there is a support level at 41.80, which, if violated, would cause prices to drop to 41.19. In the upper region, resistance lies at 43.02. The next price resistance is at 43.63. RSI (Relative Strength Index) is 57.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 57.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Helmerich & Payne, Inc. subject to short interest?
Stocks of Helmerich & Payne, Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.0 shares to 11.15 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 11.15 million shares.
