Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NOV Inc shares valued at $28,722 were sold by HARRISON DAVID D on Nov 20 ’24. At $16.10 per share, HARRISON DAVID D sold 1,784 shares. The insider’s holdings dropped to 110,951 shares worth approximately $1.77 million following the completion of this transaction.
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Also, Livingston Scott B. sold 29,410 shares, netting a total of over 485,085 in proceeds. Following the sale of shares at $16.49 each, the insider now holds 61,752 shares.
Before that, Rovig Joseph W had sold 73,256 shares from its account. In a trade valued at $1,201,076, the President – Energy Equipment traded NOV Inc shares for $16.40 each. Upon closing the transaction, the insider’s holdings decreased to 73,256 shares, worth approximately $3.06 million.
As published in a research note from Citigroup on November 11, 2024, NOV Inc [NOV] has been rated down from a Buy to a Neutral and the price target has been revised to $18 from $21. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of September 25, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for NOV. Earlier on July 29, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for NOV stock.
Analyzing NOV Stock Performance
During the last five days, there has been a drop of approximately -1.66%. Over the course of the year, NOV Inc shares have dropped approximately -21.15%. Shares of the company reached a 52-week high of $21.23 on 01/25/24 and a 52-week low of $14.98 on 10/24/24. A 50-day SMA is recorded $16.03, while a 200-day SMA reached $17.72. Nevertheless, trading volume fell to 1.98 million shares from 2.24 million shares the previous day.
Support And Resistance Levels for NOV Inc (NOV)
According to the 24-hour chart, there is a support level at 15.86, which, if violated, would cause prices to drop to 15.74. In the upper region, resistance lies at 16.22. The next price resistance is at 16.46. RSI (Relative Strength Index) is 48.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 72.65%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
