The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Baker Hughes Co shares valued at $405,101 were purchased by Buese Nancy on Nov 06 ’24. At $40.51 per share, Buese Nancy acquired 10,000 shares.
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Also, Buese Nancy sold 5,000 shares, netting a total of over 190,100 in proceeds. Following the sale of shares at $38.02 each, the insider now holds 36,817 shares.
Before that, Buese Nancy had added 5,000 shares to its account. In a trade valued at $189,228, the Officer bought Baker Hughes Co shares for $37.85 each.
As published in a research note from Argus on October 25, 2024, Baker Hughes Co [BKR] has been rated up from a Hold to a Buy. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late September. As of July 29, 2024, TD Cowen has reiterated its “Buy” rating for BKR. Earlier on January 29, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for BKR stock which previously was a “an Outperform”.
Analyzing BKR Stock Performance
During the last five days, there has been a surge of approximately 14.00%. Over the course of the year, Baker Hughes Co shares have jumped approximately 25.04%. Shares of the company reached a 52-week high of $43.23 on 11/06/24 and a 52-week low of $28.32 on 02/05/24. A 50-day SMA is recorded $36.25, while a 200-day SMA reached $33.66. Nevertheless, trading volume fell to 13.74 million shares from 5.59 million shares the previous day.
Support And Resistance Levels for Baker Hughes Co (BKR)
According to the 24-hour chart, there is a support level at 40.84, which, if violated, would cause prices to drop to 38.95. In the upper region, resistance lies at 43.93. The next price resistance is at 45.13. RSI (Relative Strength Index) is 79.96 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.15, which suggests the price will increase in the coming days. Percent R is at 6.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
