Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Baker Hughes Co shares valued at $169,400 were sold by Apostolides James E on Apr 05 ’24. At $33.88 per share, Apostolides James E sold 5,000 shares. The insider’s holdings dropped to 14,998 shares worth approximately $0.48 million following the completion of this transaction.
Also, Apostolides James E sold 10,000 shares, netting a total of over 294,400 in proceeds. Following the sale of shares at $29.44 each, the insider now holds 14,451 shares.
Before that, BORRAS MARIA C had sold 10,000 shares from its account. In a trade valued at $335,300, the EVP, Oilfield Services & Equip traded Baker Hughes Co shares for $33.53 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.91 million.
As published in a research note from Wolfe Research on January 29, 2024, Baker Hughes Co [BKR] has been rated down from an Outperform to a Peer perform. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in late January. Earlier on June 07, 2023, CapitalOne initiated its rating. Their recommendation was “an Overweight” for BKR stock.
Analyzing BKR Stock Performance
During the last five days, there has been a drop of approximately -5.27%. Over the course of the year, Baker Hughes Co shares have dropped approximately -5.79%. Shares of the company reached a 52-week high of $34.65 on 01/02/24 and a 52-week low of $28.32 on 02/05/24. A 50-day SMA is recorded $31.52, while a 200-day SMA reached $33.48. Nevertheless, trading volume fell to 5.71 million shares from 5.85 million shares the previous day.
Support And Resistance Levels for Baker Hughes Co (BKR)
According to the 24-hour chart, there is a support level at 31.95, which, if violated, would cause prices to drop to 31.69. In the upper region, resistance lies at 32.51. The next price resistance is at 32.82. RSI (Relative Strength Index) is 42.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.29, which suggests the price will decrease in the coming days. Percent R is at 89.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
