Valaris Ltd’s recent filing unveils that its SVP – CCO Lyne Matthew unloaded Company’s shares for reported $1.45 million on Sep 30 ’24. In the deal valued at $55.77 per share,26,000 shares were sold. As a result of this transaction, Lyne Matthew now holds 24,388 shares worth roughly $1.29 million.
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Then, Lyne Matthew bought 26,000 shares, generating $1,449,168 in total proceeds.
Before that, Vukadin Davor sold 15,403 shares. Valaris Ltd shares valued at $872,426 were divested by the SVP & General Counsel at a price of $56.64 per share. As a result of the transaction, Vukadin Davor now holds 13,334 shares, worth roughly $0.71 million.
Susquehanna initiated its Valaris Ltd [VAL] rating to a Neutral in a research note published on September 24, 2024; the price target was $62. A number of analysts have revised their coverage, including Pickering Energy Partners’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Neutral”. CapitalOne began covering VAL with “an Overweight” recommendation on November 28, 2023. Barclays revised its rating on November 09, 2023. It rated VAL as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of VAL
On Friday, Valaris Ltd [NYSE:VAL] saw its stock fall -0.68% to $52.93. Over the last five days, the stock has lost -5.65%. Valaris Ltd shares have fallen nearly -22.81% since the year began. Nevertheless, the stocks have fallen -26.92% over the past one year. While a 52-week high of $84.20 was reached on 08/01/24, a 52-week low of $51.78 was recorded on 10/09/24. SMA at 50 days reached $58.51, while 200 days put it at $67.72.
Levels Of Support And Resistance For VAL Stock
The 24-hour chart illustrates a support level at 52.52, which if violated will result in even more drops to 52.12. On the upside, there is a resistance level at 53.36. A further resistance level may holdings at 53.80. The Relative Strength Index (RSI) on the 14-day chart is 38.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.72%. Stochastics %K at 15.93% indicates the stock is a buying.
How much short interest is there in Valaris Ltd?
A steep rise in short interest was recorded in Valaris Ltd stocks on 2024-09-30, growing by 73239.0 shares to a total of 8.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.85 million shares. There was a rise of 0.82%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 05, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
