Weatherford International plc’s recent filing unveils that its EVP, Chief Commercial Officer Reed David John unloaded Company’s shares for reported $0.64 million on Sep 05 ’24. In the deal valued at $93.96 per share,6,805 shares were sold. As a result of this transaction, Reed David John now holds 0 shares worth roughly $0.0.
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Then, Reed David John bought 6,805 shares, generating $639,391 in total proceeds.
Before that, SLEDGE CHARLES M sold 10,000 shares. Weatherford International plc shares valued at $1,234,663 were divested by the Director at a price of $123.47 per share. As a result of the transaction, SLEDGE CHARLES M now holds 32,729 shares, worth roughly $2.78 million.
Citigroup initiated its Weatherford International plc [WFRD] rating to a Buy in a research note published on May 14, 2024; the price target was $155. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late February with a ‘”an Overweight”‘ rating. BofA Securities began covering WFRD with “Buy” recommendation on November 10, 2023. CapitalOne started covering the stock on June 07, 2023. It rated WFRD as “an Overweight”.
Price Performance Review of WFRD
On Monday, Weatherford International plc [NASDAQ:WFRD] saw its stock fall -0.29% to $84.92. Over the last five days, the stock has lost -11.58%. Weatherford International plc shares have fallen nearly -13.20% since the year began. Nevertheless, the stocks have fallen -8.81% over the past one year. While a 52-week high of $135.00 was reached on 07/16/24, a 52-week low of $82.16 was recorded on 02/05/24. SMA at 50 days reached $102.58, while 200 days put it at $108.75.
Levels Of Support And Resistance For WFRD Stock
The 24-hour chart illustrates a support level at 83.55, which if violated will result in even more drops to 82.18. On the upside, there is a resistance level at 86.27. A further resistance level may holdings at 87.62. The Relative Strength Index (RSI) on the 14-day chart is 32.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.72%. Stochastics %K at 10.94% indicates the stock is a buying.
How much short interest is there in Weatherford International plc?
A steep rise in short interest was recorded in Weatherford International plc stocks on 2024-09-13, dropping by -0.17 million shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.29 million shares. There was a decline of -14.86%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 03, 2023 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $100 price target.
