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Noble Corp Plc (NE) rating downgrades by The Benchmark Company

Noble Corp Plc’s filing revealed that its SVP, Operations Kawaja Joey M unloaded Company’s shares for reported $1.07 million on Nov 11 ’24. In the deal valued at $35.76 per share,30,000 shares were sold. As a result of this transaction, Kawaja Joey M now holds 83,208 shares worth roughly $2.95 million.

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Then, Denton Blake sold 30,000 shares, generating $1,071,600 in total proceeds. Upon selling the shares at $35.72, the SVP, Marketing & Contracts now owns 83,208 shares.

Before that, Denton Blake bought 30,000 shares. Noble Corp Plc shares valued at $1,050,000 were divested by the Officer at a price of $35.00 per share.

The Benchmark Company downgraded its Noble Corp Plc [NE] rating to a Hold from a a Buy in a research note published recently. CapitalOne began covering NE with “an Overweight” recommendation on November 28, 2023. Citigroup started covering the stock on July 05, 2023. It rated NE as “a Buy”.

Price Performance Review of NE

On Friday, Noble Corp Plc [NYSE:NE] saw its stock jump 2.05% to $35.41. Over the last five days, the stock has gained 4.76%. Noble Corp Plc shares have fallen nearly -26.47% since the year began. Nevertheless, the stocks have fallen -20.69% over the past one year. While a 52-week high of $52.15 was reached on 04/08/24, a 52-week low of $31.00 was recorded on 11/01/24. SMA at 50 days reached $34.56, while 200 days put it at $41.76.

Levels Of Support And Resistance For NE Stock

The 24-hour chart illustrates a support level at 34.83, which if violated will result in even more drops to 34.26. On the upside, there is a resistance level at 35.86. A further resistance level may holdings at 36.32. The Relative Strength Index (RSI) on the 14-day chart is 57.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.10%. Stochastics %K at 76.20% indicates the stock is a holding.

How much short interest is there in Noble Corp Plc?

A steep rise in short interest was recorded in Noble Corp Plc stocks on 2024-10-31, dropping by -0.1 million shares to a total of 10.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.57 million shares. There was a decline of -0.98%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 19, 2023 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $50 price target.

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