In a filing, Weatherford International plc revealed its Director SLEDGE CHARLES M unloaded Company’s shares for reported $1.23 million on Apr 25 ’24. In the deal valued at $123.47 per share,10,000 shares were sold. As a result of this transaction, SLEDGE CHARLES M now holds 32,729 shares worth roughly $4.19 million.
Then, Saligram Girish sold 60,000 shares, generating $6,214,136 in total proceeds. Upon selling the shares at $103.57, the President and CEO now owns 146,895 shares.
Before that, Sandhu Depinder sold 4,717 shares. Weatherford International plc shares valued at $476,209 were divested by the EVP, Global Product Lines at a price of $100.96 per share. As a result of the transaction, Sandhu Depinder now holds 2,536 shares, worth roughly $0.32 million.
Barclays initiated its Weatherford International plc [WFRD] rating to an Overweight in a research note published on February 28, 2024; the price target was $135. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. CapitalOne began covering WFRD with “an Overweight” recommendation on June 07, 2023. Raymond James started covering the stock on May 03, 2023. It rated WFRD as “a Strong buy”.
Price Performance Review of WFRD
On Friday, Weatherford International plc [NASDAQ:WFRD] saw its stock jump 3.49% to $127.97. Over the last five days, the stock has gained 13.46%. Weatherford International plc shares have risen nearly 30.81% since the year began. Nevertheless, the stocks have risen 107.21% over the past one year. While a 52-week high of $127.45 was reached on 04/26/24, a 52-week low of $55.81 was recorded on 02/05/24. SMA at 50 days reached $113.59, while 200 days put it at $96.36. A total of 1.08 million shares were traded, compared to the trading of 1.48 million shares in the previous session.
Levels Of Support And Resistance For WFRD Stock
The 24-hour chart illustrates a support level at 124.16, which if violated will result in even more drops to 120.34. On the upside, there is a resistance level at 130.74. A further resistance level may holdings at 133.51. The Relative Strength Index (RSI) on the 14-day chart is 66.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.45%. Stochastics %K at 89.39% indicates the stock is a selling.
The most recent change occurred on February 17, 2023 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $88 price target.
