Dril-Quip, Inc.’s recent filing unveils that its President & CEO Bird Jeffrey J. unloaded Company’s shares for reported $0.17 million on Apr 01 ’24. In the deal valued at $23.14 per share,7,500 shares were sold. As a result of this transaction, Bird Jeffrey J. now holds 155,327 shares worth roughly $2.94 million.
Then, Webster James C. sold 4,000 shares, generating $92,640 in total proceeds. Upon selling the shares at $23.16, the VP, Gen Counsel & Secretary now owns 62,735 shares.
Before that, McClure Kyle sold 4,000 shares. Dril-Quip, Inc. shares valued at $92,600 were divested by the Vice President and CFO at a price of $23.15 per share. As a result of the transaction, McClure Kyle now holds 67,005 shares, worth roughly $1.27 million.
Tudor Pickering Holt & Co. downgraded its Dril-Quip, Inc. [DRQ] rating to a Hold from a a Buy in a research note published on March 14, 2022; the price target was decreased to $35 from $38. A number of analysts have revised their coverage, including Seaport Global Securities’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. BTIG Research began covering DRQ with “Neutral” recommendation on April 01, 2021. Barclays revised its rating on March 05, 2021. It rated DRQ as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of DRQ
On Tuesday, Dril-Quip, Inc. [NYSE:DRQ] saw its stock jump 0.64% to $18.92. Over the last five days, the stock has gained 4.07%. Dril-Quip, Inc. shares have fallen nearly -18.69% since the year began. Nevertheless, the stocks have fallen -29.14% over the past one year. While a 52-week high of $30.93 was reached on 03/25/24, a 52-week low of $17.80 was recorded on 05/01/24. SMA at 50 days reached $21.89, while 200 days put it at $23.67. A total of 0.25 million shares were traded, compared to the trading of 0.32 million shares in the previous session.
Levels Of Support And Resistance For DRQ Stock
The 24-hour chart illustrates a support level at 18.63, which if violated will result in even more drops to 18.34. On the upside, there is a resistance level at 19.21. A further resistance level may holdings at 19.50. The Relative Strength Index (RSI) on the 14-day chart is 36.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.19%. Stochastics %K at 34.42% indicates the stock is a holding.
The most recent change occurred on November 04, 2020 when Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $28.
