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Noble Corp Plc [NE] stock for 8,925,185 USD was acquired by APMH Invest A/S

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Noble Corp Plc shares valued at $8,925,185 were purchased by APMH Invest A/S on May 22 ’24. At $46.45 per share, APMH Invest A/S acquired 192,156 shares. The insider’s holdings grew to 28,082,685 shares worth approximately $1.22 billion following the completion of this transaction.

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Also, Barker Richard B. purchased 1,994 shares, netting a total of over 95,692 in proceeds. Following the buying of shares at $47.99 each, the insider now holds 241,336 shares.

Before that, ALTING CAROLINE had sold 7,274 shares from its account. In a trade valued at $324,410, the SVP, Ops. Excellence & Sust traded Noble Corp Plc shares for $44.60 each. Upon closing the transaction, the insider’s holdings decreased to 7,274 shares, worth approximately $0.0.

Analysts at CapitalOne started covering the stock with ‘”an Overweight”‘ outlook in a report released in late November. As of July 05, 2023, Citigroup has initiated its “Buy” rating for NE. Earlier on January 19, 2023, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for NE stock.

Analyzing NE Stock Performance

During the last five days, there has been a drop of approximately -2.90%. Over the course of the year, Noble Corp Plc shares have dropped approximately -9.70%. Shares of the company reached a 52-week high of $52.15 on 04/08/24 and a 52-week low of $41.44 on 02/23/24. A 50-day SMA is recorded $45.34, while a 200-day SMA reached $46.24. Nevertheless, trading volume fell to 0.64 million shares from 1.36 million shares the previous day.

Support And Resistance Levels for Noble Corp Plc (NE)

According to the 24-hour chart, there is a support level at 43.95, which, if violated, would cause prices to drop to 43.43. In the upper region, resistance lies at 45.06. The next price resistance is at 45.64. RSI (Relative Strength Index) is 44.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 44.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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