Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Helmerich & Payne, Inc. shares valued at $647,840 were sold by Smith Mark W. on Apr 29 ’24. At $40.49 per share, Smith Mark W. sold 16,000 shares. The insider’s holdings dropped to 144,870 shares worth approximately $5.16 million following the completion of this transaction.
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Also, Hair Cara M. sold 9,910 shares, netting a total of over 398,580 in proceeds. Following the sale of shares at $40.22 each, the insider now holds 137,764 shares.
Before that, Lennox Michael had sold 2,324 shares from its account. In a trade valued at $90,194, the SVP, US LAND OPS, DRILLING SUB traded Helmerich & Payne, Inc. shares for $38.81 each. Upon closing the transaction, the insider’s holdings decreased to 2,324 shares, worth approximately $3.57 million.
As published in a research note from The Benchmark Company on January 16, 2024, Helmerich & Payne, Inc. [HP] has been rated down from a Buy to a Hold. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of January 08, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for HP. Earlier on January 02, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for HP stock which previously was a “a Buy”.
Analyzing HP Stock Performance
During the last five days, there has been a surge of approximately 5.17%. Over the course of the year, Helmerich & Payne, Inc. shares have dropped approximately -0.86%. Shares of the company reached a 52-week high of $44.11 on 04/08/24 and a 52-week low of $32.17 on 01/17/24. A 50-day SMA is recorded $37.50, while a 200-day SMA reached $38.74. Nevertheless, trading volume fell to 1.04 million shares from 1.9 million shares the previous day.
Support And Resistance Levels for Helmerich & Payne, Inc. (HP)
According to the 24-hour chart, there is a support level at 35.18, which, if violated, would cause prices to drop to 34.77. In the upper region, resistance lies at 35.80. The next price resistance is at 36.01. RSI (Relative Strength Index) is 49.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 20.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
