Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Weatherford International plc shares valued at $1,234,663 were sold by SLEDGE CHARLES M on Apr 25 ’24. At $123.47 per share, SLEDGE CHARLES M sold 10,000 shares. The insider’s holdings dropped to 32,729 shares worth approximately $3.89 million following the completion of this transaction.
Also, Saligram Girish sold 60,000 shares, netting a total of over 6,214,136 in proceeds. Following the sale of shares at $103.57 each, the insider now holds 146,895 shares.
Before that, Sandhu Depinder had sold 4,717 shares from its account. In a trade valued at $476,209, the EVP, Global Product Lines traded Weatherford International plc shares for $100.96 each. Upon closing the transaction, the insider’s holdings decreased to 4,717 shares, worth approximately $0.3 million.
As published in their initiating research note from Barclays on February 28, 2024, Weatherford International plc [WFRD] has been an Overweight and the price target has been revised to $135. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of June 07, 2023, CapitalOne has initiated its “an Overweight” rating for WFRD. Earlier on May 03, 2023, Raymond James initiated its rating. Their recommendation was “a Strong buy” for WFRD stock.
Analyzing WFRD Stock Performance
During the last five days, there has been a drop of approximately -4.93%. Over the course of the year, Weatherford International plc shares have jumped approximately 21.49%. Shares of the company reached a 52-week high of $129.70 on 04/26/24 and a 52-week low of $82.16 on 02/05/24. A 50-day SMA is recorded $114.94, while a 200-day SMA reached $97.09. Nevertheless, trading volume fell to 1.1 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Weatherford International plc (WFRD)
According to the 24-hour chart, there is a support level at 116.78, which, if violated, would cause prices to drop to 114.72. In the upper region, resistance lies at 122.55. The next price resistance is at 126.26. RSI (Relative Strength Index) is 50.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.15, which suggests the price will increase in the coming days. Percent R is at 52.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
