Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Valaris Ltd shares valued at $1,449,994 were sold by Lyne Matthew on Sep 30 ’24. At $55.77 per share, Lyne Matthew sold 26,000 shares. The insider’s holdings dropped to 24,388 shares worth approximately $1.19 million following the completion of this transaction.
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Also, Lyne Matthew purchased 26,000 shares, netting a total of over 1,449,168 in proceeds.
Before that, Vukadin Davor had sold 15,403 shares from its account. In a trade valued at $872,426, the SVP & General Counsel traded Valaris Ltd shares for $56.64 each. Upon closing the transaction, the insider’s holdings decreased to 15,403 shares, worth approximately $0.65 million.
As published in a research note from The Benchmark Company on October 15, 2024, Valaris Ltd [VAL] has been rated down from a Buy to a Hold. Analysts at Susquehanna started covering the stock with ‘”a Neutral”‘ outlook in a report released in late September. As of July 16, 2024, Pickering Energy Partners has decreased its “an Outperform” rating to a “Neutral” for VAL. Earlier on November 28, 2023, CapitalOne initiated its rating. Their recommendation was “an Overweight” for VAL stock.
Analyzing VAL Stock Performance
During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, Valaris Ltd shares have dropped approximately -28.85%. Shares of the company reached a 52-week high of $84.20 on 08/01/24 and a 52-week low of $48.43 on 10/29/24. A 50-day SMA is recorded $55.01, while a 200-day SMA reached $66.62. Nevertheless, trading volume fell to 1.73 million shares from 1.26 million shares the previous day.
Support And Resistance Levels for Valaris Ltd (VAL)
According to the 24-hour chart, there is a support level at 48.28, which, if violated, would cause prices to drop to 47.77. In the upper region, resistance lies at 49.51. The next price resistance is at 50.23. RSI (Relative Strength Index) is 34.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.62, which suggests the price will decrease in the coming days. Percent R is at 92.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
