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NE stock rated a Neutral by Susquehanna

Noble Corp Plc’s recent filing unveils that its 10% Owner APMH Invest A/S acquired Company’s shares for reported $8.93 million on May 22 ’24. In the deal valued at $46.45 per share,192,156 shares were bought. As a result of this transaction, APMH Invest A/S now holds 28,082,685 shares worth roughly $1.27 billion.

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Then, ALTING CAROLINE sold 7,274 shares, generating $324,410 in total proceeds. Upon selling the shares at $44.60, the SVP, Ops. Excellence & Sust now owns 0 shares.

Before that, Barker Richard B. sold 45,000 shares. Noble Corp Plc shares valued at $1,909,350 were divested by the EVP and CFO at a price of $42.43 per share. As a result of the transaction, Barker Richard B. now holds 239,342 shares, worth roughly $10.82 million.

A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Citigroup began covering NE with “Buy” recommendation on July 05, 2023. The Benchmark Company started covering the stock on January 19, 2023. It rated NE as “a Buy”.

Price Performance Review of NE

On Monday, Noble Corp Plc [NYSE:NE] saw its stock jump 6.08% to $45.19. Over the last five days, the stock has gained 2.92%. Noble Corp Plc shares have fallen nearly -6.17% since the year began. Nevertheless, the stocks have risen 11.88% over the past one year. While a 52-week high of $55.34 was reached on 04/08/24, a 52-week low of $36.20 was recorded on 02/23/24. SMA at 50 days reached $46.67, while 200 days put it at $46.85. A total of 4.47 million shares were traded, compared to the trading of 1.09 million shares in the previous session.

Levels Of Support And Resistance For NE Stock

The 24-hour chart illustrates a support level at 43.64, which if violated will result in even more drops to 42.09. On the upside, there is a resistance level at 46.10. A further resistance level may holdings at 47.01. The Relative Strength Index (RSI) on the 14-day chart is 48.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.55%. Stochastics %K at 27.42% indicates the stock is a holding.

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