Baker Hughes Co’s recent filing unveils that its Officer Buese Nancy acquired Company’s shares for reported $0.19 million on Oct 31 ’24. In the deal valued at $37.85 per share,5,000 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Buese Nancy sold 10,000 shares, generating $371,010 in total proceeds. Upon selling the shares at $37.10, the EVP & Chief Financial Officer now owns 41,817 shares.
Before that, Buese Nancy bought 10,000 shares. Baker Hughes Co shares valued at $367,800 were divested by the Officer at a price of $36.78 per share.
Argus upgraded its Baker Hughes Co [BKR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late September from “an Equal weight” to “an Overweight”. TD Cowen also remained covering BKR and reiterated its “Buy” recommendation on July 29, 2024. Wolfe Research revised its rating on January 29, 2024. It rated BKR as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of BKR
On Friday, Baker Hughes Co [NASDAQ:BKR] saw its stock fall -0.60% to $37.85. Over the last five days, the stock has gained 0.88%. Baker Hughes Co shares have risen nearly 10.74% since the year began. Nevertheless, the stocks have risen 8.64% over the past one year. While a 52-week high of $39.05 was reached on 07/31/24, a 52-week low of $28.32 was recorded on 02/05/24. SMA at 50 days reached $35.98, while 200 days put it at $33.53.
Levels Of Support And Resistance For BKR Stock
The 24-hour chart illustrates a support level at 37.50, which if violated will result in even more drops to 37.14. On the upside, there is a resistance level at 38.25. A further resistance level may holdings at 38.64. The Relative Strength Index (RSI) on the 14-day chart is 59.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.57%. Stochastics %K at 85.51% indicates the stock is a selling.
How much short interest is there in Baker Hughes Co?
A steep rise in short interest was recorded in Baker Hughes Co stocks on 2024-10-15, growing by 0.5 million shares to a total of 18.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.55 million shares. There was a rise of 2.74%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 25, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $49.
