Baker Hughes Co’s filing revealed that its SVP, Enterprise Op Excellence Apostolides James E unloaded Company’s shares for reported $0.17 million on Apr 05 ’24. In the deal valued at $33.88 per share,5,000 shares were sold. As a result of this transaction, Apostolides James E now holds 14,998 shares worth roughly $0.49 million.
Then, Apostolides James E sold 10,000 shares, generating $294,400 in total proceeds. Upon selling the shares at $29.44, the SVP, Enterprise Op Excellence now owns 14,451 shares.
Before that, BORRAS MARIA C sold 10,000 shares. Baker Hughes Co shares valued at $335,300 were divested by the EVP, Oilfield Services & Equip at a price of $33.53 per share. As a result of the transaction, BORRAS MARIA C now holds 59,463 shares, worth roughly $1.93 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 -0.43% to $32.46. Over the last five days, the stock has gained 0.03%. Baker Hughes Co shares have fallen nearly -5.03% since the year began. Nevertheless, the stocks have risen 7.88% 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 $31.65, while 200 days put it at $33.49. A total of 4.99 million shares were traded, compared to the trading of 7.51 million shares in the previous session.
Levels Of Support And Resistance For BKR Stock
The 24-hour chart illustrates a support level at 31.98, which if violated will result in even more drops to 31.49. On the upside, there is a resistance level at 32.85. A further resistance level may holdings at 33.23. The Relative Strength Index (RSI) on the 14-day chart is 46.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.82%. Stochastics %K at 18.72% indicates the stock is a buying.
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.
