Valaris Ltd’s filing revealed 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 $1.24 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 $0.68 million.
The Benchmark Company downgraded its Valaris Ltd [VAL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who began to cover the stock in late September with a ‘”a Neutral”‘ rating. Pickering Energy Partners also remained covering VAL and has decreased its forecast on July 16, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. CapitalOne started covering the stock on November 28, 2023. It rated VAL as “an Overweight”.
Price Performance Review of VAL
On Friday, Valaris Ltd [NYSE:VAL] saw its stock jump 0.83% to $50.88. Over the last five days, the stock has lost -0.66%. Valaris Ltd shares have fallen nearly -25.80% since the year began. Nevertheless, the stocks have fallen -23.92% over the past one year. While a 52-week high of $84.20 was reached on 08/01/24, a 52-week low of $48.63 was recorded on 10/23/24. SMA at 50 days reached $55.80, while 200 days put it at $66.87.
Levels Of Support And Resistance For VAL Stock
The 24-hour chart illustrates a support level at 50.30, which if violated will result in even more drops to 49.71. On the upside, there is a resistance level at 51.44. A further resistance level may holdings at 52.00. The Relative Strength Index (RSI) on the 14-day chart is 40.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.27%. Stochastics %K at 21.32% indicates the stock is a holding.
How much short interest is there in Valaris Ltd?
A steep rise in short interest was recorded in Valaris Ltd stocks on 2024-10-15, dropping by -0.2 million shares to a total of 8.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.13 million shares. There was a decline of -2.23%, which implies that there is a negative sentiment for the stock.
