Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Weatherford International plc shares valued at $639,390 were sold by Reed David John on Sep 05 ’24. At $93.96 per share, Reed David John sold 6,805 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Reed David John purchased 6,805 shares, netting a total of over 639,391 in proceeds.
Before that, SLEDGE CHARLES M had sold 10,000 shares from its account. In a trade valued at $1,234,663, the Director traded Weatherford International plc shares for $123.47 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $2.94 million.
As published in their initiating research note from Citigroup on May 14, 2024, Weatherford International plc [WFRD] has been a Buy and the price target has been revised to $155. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late February. As of November 10, 2023, BofA Securities has initiated its “Buy” rating for WFRD. Earlier on June 07, 2023, CapitalOne initiated its rating. Their recommendation was “an Overweight” for WFRD stock.
Analyzing WFRD Stock Performance
During the last five days, there has been a surge of approximately 6.88%. Over the course of the year, Weatherford International plc shares have dropped approximately -8.17%. Shares of the company reached a 52-week high of $135.00 on 07/16/24 and a 52-week low of $82.16 on 02/05/24. A 50-day SMA is recorded $100.10, while a 200-day SMA reached $108.74. Nevertheless, trading volume fell to 1.08 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for Weatherford International plc (WFRD)
According to the 24-hour chart, there is a support level at 87.21, which, if violated, would cause prices to drop to 84.57. In the upper region, resistance lies at 91.34. The next price resistance is at 92.83. RSI (Relative Strength Index) is 43.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.34, which suggests the price will decrease in the coming days. Percent R is at 55.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
