Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NOV Inc shares valued at $60,988 were sold by Novak Christy Lynn on Feb 22 ’24. At $17.43 per share, Novak Christy Lynn sold 3,500 shares. The insider’s holdings dropped to 114,212 shares worth approximately $2.16 million following the completion of this transaction.
As published in a research note from TD Cowen on April 29, 2024, NOV Inc [NOV] has been retained to a Buy and the price target has been revised to $26. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in early February. As of January 16, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for NOV. Earlier on December 08, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for NOV stock which previously was a “a Neutral”.
Analyzing NOV Stock Performance
During the last five days, there has been a surge of approximately 2.94%. Over the course of the year, NOV Inc shares have dropped approximately -6.71%. Shares of the company reached a 52-week high of $21.23 on 01/25/24 and a 52-week low of $16.77 on 02/26/24. A 50-day SMA is recorded $18.80, while a 200-day SMA reached $19.49. Nevertheless, trading volume fell to 2.09 million shares from 2.44 million shares the previous day.
Support And Resistance Levels for NOV Inc (NOV)
According to the 24-hour chart, there is a support level at 18.72, which, if violated, would cause prices to drop to 18.53. In the upper region, resistance lies at 19.10. The next price resistance is at 19.29. RSI (Relative Strength Index) is 49.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 55.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
