In a filing, Baker Hughes Co revealed its EVP & Chief Financial Officer Buese Nancy unloaded Company’s shares for reported $0.41 million on Nov 06 ’24. In the deal valued at $40.69 per share,10,000 shares were sold. As a result of this transaction, Buese Nancy now holds 26,817 shares worth roughly $1.15 million.
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 bought 10,000 shares, generating $405,101 in total proceeds.
Before that, Buese Nancy sold 5,000 shares. Baker Hughes Co shares valued at $190,100 were divested by the EVP & Chief Financial Officer at a price of $38.02 per share. As a result of the transaction, Buese Nancy now holds 36,817 shares, worth roughly $1.58 million.
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 -0.56% to $42.94. Over the last five days, the stock has lost -0.17%. Baker Hughes Co shares have risen nearly 25.63% since the year began. Nevertheless, the stocks have risen 23.89% over the past one year. While a 52-week high of $44.49 was reached on 11/12/24, a 52-week low of $28.32 was recorded on 02/05/24. SMA at 50 days reached $37.48, while 200 days put it at $34.14.
Levels Of Support And Resistance For BKR Stock
The 24-hour chart illustrates a support level at 42.48, which if violated will result in even more drops to 42.03. On the upside, there is a resistance level at 43.56. A further resistance level may holdings at 44.18. The Relative Strength Index (RSI) on the 14-day chart is 71.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.60%. Stochastics %K at 82.04% 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 2024-10-31, dropping by -2.94 million shares to a total of 16.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 19.19 million shares. There was a decline of -18.1%, which implies that there is a negative 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.
