Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Baker Hughes Co shares valued at $406,900 were sold by Buese Nancy on Nov 06 ’24. At $40.69 per share, Buese Nancy sold 10,000 shares. The insider’s holdings dropped to 26,817 shares worth approximately $1.19 million following the completion of this transaction.
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Also, Buese Nancy purchased 10,000 shares, netting a total of over 405,101 in proceeds.
Before that, Buese Nancy had sold 5,000 shares from its account. In a trade valued at $190,100, the EVP & Chief Financial Officer traded Baker Hughes Co shares for $38.02 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $1.63 million.
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 2.88%. Over the course of the year, Baker Hughes Co shares have jumped approximately 29.64%. Shares of the company reached a 52-week high of $44.49 on 11/12/24 and a 52-week low of $28.32 on 02/05/24. A 50-day SMA is recorded $38.09, while a 200-day SMA reached $34.35. Nevertheless, trading volume fell to 8.09 million shares from 3.55 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 43.27, which, if violated, would cause prices to drop to 42.23. In the upper region, resistance lies at 44.86. The next price resistance is at 45.41. RSI (Relative Strength Index) is 75.00 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 2.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
