The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bristow Group Inc shares valued at $1,148,379 were sold by Solus Alternative Asset Manage on Nov 22 ’24. At $38.28 per share, Solus Alternative Asset Manage sold 30,000 shares. The insider’s holdings dropped to 3,196,948 shares worth approximately $121.29 million following the completion of this transaction.
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Also, Solus Alternative Asset Manage sold 4,255 shares, netting a total of over 161,783 in proceeds. Following the sale of shares at $38.02 each, the insider now holds 3,226,948 shares.
Before that, Solus Alternative Asset Manage had sold 45,000 shares from its account. In a trade valued at $1,629,000, the 10% Owner traded Bristow Group Inc shares for $36.20 each. Upon closing the transaction, the insider’s holdings decreased to 45,000 shares, worth approximately $122.59 million.
As published in their initiating research note from The Benchmark Company on June 16, 2022, Bristow Group Inc [VTOL] has been a Buy and the price target has been revised to $38.
Analyzing VTOL Stock Performance
During the last five days, there has been a surge of approximately 1.15%. Over the course of the year, Bristow Group Inc shares have jumped approximately 34.21%. Shares of the company reached a 52-week high of $41.50 on 08/07/24 and a 52-week low of $24.33 on 04/17/24. A 50-day SMA is recorded $35.59, while a 200-day SMA reached $32.90. Nevertheless, trading volume fell to 70943.0 shares from 0.13 million shares the previous day.
Support And Resistance Levels for Bristow Group Inc (VTOL)
According to the 24-hour chart, there is a support level at 37.74, which, if violated, would cause prices to drop to 37.55. In the upper region, resistance lies at 38.19. The next price resistance is at 38.44. RSI (Relative Strength Index) is 61.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 28.47%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.