NOV Inc’s recently made public that its insider Livingston Scott B. unloaded Company’s shares for reported $0.49 million on Nov 07 ’24. In the deal valued at $16.49 per share,29,410 shares were sold. As a result of this transaction, Livingston Scott B. now holds 61,752 shares worth roughly $0.99 million.
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Then, Rovig Joseph W sold 73,256 shares, generating $1,201,076 in total proceeds. Upon selling the shares at $16.40, the President – Energy Equipment now owns 191,567 shares.
Before that, Novak Christy Lynn sold 40,953 shares. NOV Inc shares valued at $673,250 were divested by the VP, Corp. Controller, CAO at a price of $16.44 per share. As a result of the transaction, Novak Christy Lynn now holds 70,131 shares, worth roughly $1.12 million.
Citigroup downgraded its NOV Inc [NOV] rating to a Neutral from a a Buy in a research note published on November 11, 2024; the price target was decreased to $18 from $21. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo also remained covering NOV and has decreased its forecast on September 25, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. TD Cowen maintained its rating on July 29, 2024. It rated NOV as “a Buy”.
Price Performance Review of NOV
On Friday, NOV Inc [NYSE:NOV] saw its stock fall -1.48% to $15.97. Over the last five days, the stock has lost -1.90%. NOV Inc shares have fallen nearly -21.25% since the year began. Nevertheless, the stocks have fallen -18.77% over the past one year. While a 52-week high of $21.23 was reached on 01/25/24, a 52-week low of $14.98 was recorded on 10/24/24. SMA at 50 days reached $16.02, while 200 days put it at $17.76.
Levels Of Support And Resistance For NOV Stock
The 24-hour chart illustrates a support level at 15.73, which if violated will result in even more drops to 15.50. On the upside, there is a resistance level at 16.34. A further resistance level may holdings at 16.70. The Relative Strength Index (RSI) on the 14-day chart is 49.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.45%. Stochastics %K at 58.38% indicates the stock is a holding.
How much short interest is there in NOV Inc?
A steep rise in short interest was recorded in NOV Inc stocks on 2024-10-31, dropping by -1.0 million shares to a total of 13.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.09 million shares. There was a decline of -7.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 29, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $26.
