In a filing, NOV Inc revealed its VP, Corp. Controller, CAO Novak Christy Lynn unloaded Company’s shares for reported $60988.0 on Feb 22 ’24. In the deal valued at $17.43 per share,3,500 shares were sold. As a result of this transaction, Novak Christy Lynn now holds 114,212 shares worth roughly $1.87 million.
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TD Cowen reiterated its NOV Inc [NOV] rating to a Buy in a research note published on July 29, 2024; the price target was $28. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering NOV and reiterated its “an Outperform” recommendation on February 05, 2024. The Benchmark Company revised its rating on January 16, 2024. It rated NOV as “a Hold” which previously was an “a Buy”.
Price Performance Review of NOV
On Tuesday, NOV Inc [NYSE:NOV] saw its stock jump 1.99% to $16.39. Over the last five days, the stock has gained 3.28%. NOV Inc shares have fallen nearly -19.18% since the year began. Nevertheless, the stocks have fallen -21.69% over the past one year. While a 52-week high of $21.71 was reached on 01/25/24, a 52-week low of $15.47 was recorded on 09/11/24. SMA at 50 days reached $17.94, while 200 days put it at $18.58.
Levels Of Support And Resistance For NOV Stock
The 24-hour chart illustrates a support level at 16.15, which if violated will result in even more drops to 15.90. On the upside, there is a resistance level at 16.53. A further resistance level may holdings at 16.66. The Relative Strength Index (RSI) on the 14-day chart is 39.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.22%. Stochastics %K at 23.59% indicates the stock is a holding.
How much short interest is there in NOV Inc?
A steep rise in short interest was recorded in NOV Inc stocks on 2024-08-30, growing by 1.86 million shares to a total of 12.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.3 million shares. There was a rise of 15.28%, which implies that there is a positive sentiment for the stock.
