Helmerich & Payne, Inc.’s recent filing unveils that its SENIOR VP AND CFO Vann J Kevin acquired Company’s shares for reported $99627.0 on Sep 27 ’24. In the deal valued at $30.19 per share,3,300 shares were bought. As a result of this transaction, Vann J Kevin now holds 3,300 shares worth roughly $0.11 million.
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Then, Smith Mark W. sold 16,000 shares, generating $647,840 in total proceeds. Upon selling the shares at $40.49, the SENIOR VP AND CFO now owns 144,870 shares.
Before that, Hair Cara M. sold 9,910 shares. Helmerich & Payne, Inc. shares valued at $398,580 were divested by the SVP, CORP. SERVICES & CLO at a price of $40.22 per share. As a result of the transaction, Hair Cara M. now holds 137,764 shares, worth roughly $4.8 million.
The Benchmark Company downgraded its Helmerich & Payne, Inc. [HP] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Piper Sandler also remained covering HP and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Seaport Research Partners revised its rating on January 02, 2024. It rated HP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HP
On Friday, Helmerich & Payne, Inc. [NYSE:HP] saw its stock fall -0.11% to $34.81. Over the last five days, the stock has lost -4.45%. Helmerich & Payne, Inc. shares have fallen nearly -2.56% since the year began. Nevertheless, the stocks have fallen -19.89% over the past one year. While a 52-week high of $43.98 was reached on 04/08/24, a 52-week low of $29.46 was recorded on 09/11/24. SMA at 50 days reached $32.86, while 200 days put it at $36.75.
Levels Of Support And Resistance For HP Stock
The 24-hour chart illustrates a support level at 34.22, which if violated will result in even more drops to 33.62. On the upside, there is a resistance level at 35.18. A further resistance level may holdings at 35.54. The Relative Strength Index (RSI) on the 14-day chart is 56.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.32%. Stochastics %K at 73.74% indicates the stock is a holding.
How much short interest is there in Helmerich & Payne, Inc.?
A steep rise in short interest was recorded in Helmerich & Payne, Inc. stocks on 2024-09-30, dropping by -1.12 million shares to a total of 14.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 15.66 million shares. There was a decline of -7.69%, which implies that there is a negative sentiment for the stock.
