Valaris Ltd’s recent filing unveils that its SVP – CFO Weber Christopher T unloaded Company’s shares for reported $0.2 million on Nov 05 ’24. In the deal valued at $49.50 per share,4,000 shares were sold. As a result of this transaction, Weber Christopher T now holds 52,236 shares worth roughly $2.67 million.
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Then, Weber Christopher T bought 4,000 shares, generating $197,869 in total proceeds.
Before that, Lyne Matthew sold 26,000 shares. Valaris Ltd shares valued at $1,449,994 were divested by the SVP – CCO at a price of $55.77 per share. As a result of the transaction, Lyne Matthew now holds 24,388 shares, worth roughly $1.25 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 Monday, Valaris Ltd [NYSE:VAL] saw its stock jump 2.38% to $51.19. Over the last five days, the stock has gained 2.98%. Valaris Ltd shares have fallen nearly -25.35% since the year began. Nevertheless, the stocks have fallen -24.32% over the past one year. While a 52-week high of $84.20 was reached on 08/01/24, a 52-week low of $48.04 was recorded on 11/01/24. SMA at 50 days reached $53.23, while 200 days put it at $65.94.
Levels Of Support And Resistance For VAL Stock
The 24-hour chart illustrates a support level at 49.99, which if violated will result in even more drops to 48.79. On the upside, there is a resistance level at 51.95. A further resistance level may holdings at 52.71. The Relative Strength Index (RSI) on the 14-day chart is 48.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.35%. Stochastics %K at 49.64% 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.
