Helmerich & Payne, Inc.’s recently made public that its SENIOR VP AND CFO Smith Mark W. unloaded Company’s shares for reported $0.65 million on Apr 29 ’24. In the deal valued at $40.49 per share,16,000 shares were sold. As a result of this transaction, Smith Mark W. now holds 144,870 shares worth roughly $5.06 million.
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Then, Hair Cara M. sold 9,910 shares, generating $398,580 in total proceeds. Upon selling the shares at $40.22, the SVP, CORP. SERVICES & CLO now owns 137,764 shares.
Before that, Lennox Michael sold 2,324 shares. Helmerich & Payne, Inc. shares valued at $90,194 were divested by the SVP, US LAND OPS, DRILLING SUB at a price of $38.81 per share. As a result of the transaction, Lennox Michael now holds 100,322 shares, worth roughly $3.5 million.
The Benchmark Company downgraded its Helmerich & Payne, Inc. [HP] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Piper Sandler also remained covering HP and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Seaport Research Partners revised its rating on January 02, 2024. It rated HP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HP
On Tuesday, Helmerich & Payne, Inc. [NYSE:HP] saw its stock fall -3.38% to $34.90. Over the last five days, the stock has lost -7.28%. Helmerich & Payne, Inc. shares have fallen nearly -2.78% since the year began. Nevertheless, the stocks have risen 6.17% over the past one year. While a 52-week high of $45.93 was reached on 04/08/24, a 52-week low of $31.31 was recorded on 01/17/24. SMA at 50 days reached $40.02, while 200 days put it at $39.29. A total of 1.02 million shares were traded, compared to the trading of 0.99 million shares in the previous session.
Levels Of Support And Resistance For HP Stock
The 24-hour chart illustrates a support level at 34.64, which if violated will result in even more drops to 34.37. On the upside, there is a resistance level at 35.41. A further resistance level may holdings at 35.91. The Relative Strength Index (RSI) on the 14-day chart is 31.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.56%. Stochastics %K at 18.24% indicates the stock is a buying.
