Valaris Ltd’s recently made public that its SVP – CFO Weber Christopher T unloaded Company’s shares for reported $0.2 million on Nov 05 ’24. In the deal valued at $49.50 per share,4,000 shares were sold. As a result of this transaction, Weber Christopher T now holds 52,236 shares worth roughly $2.41 million.
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Then, Weber Christopher T bought 4,000 shares, generating $197,869 in total proceeds.
Before that, Lyne Matthew sold 26,000 shares. Valaris Ltd shares valued at $1,449,994 were divested by the SVP – CCO at a price of $55.77 per share. As a result of the transaction, Lyne Matthew now holds 24,388 shares, worth roughly $1.13 million.
The Benchmark Company downgraded its Valaris Ltd [VAL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who began to cover the stock in late September with a ‘”a Neutral”‘ rating. Pickering Energy Partners also remained covering VAL and has decreased its forecast on July 16, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. CapitalOne started covering the stock on November 28, 2023. It rated VAL as “an Overweight”.
Price Performance Review of VAL
On Friday, Valaris Ltd [NYSE:VAL] saw its stock jump 1.36% to $46.19. Over the last five days, the stock has lost -3.15%. Valaris Ltd shares have fallen nearly -32.64% since the year began. Nevertheless, the stocks have fallen -32.41% over the past one year. While a 52-week high of $84.20 was reached on 08/01/24, a 52-week low of $45.42 was recorded on 11/27/24. SMA at 50 days reached $51.21, while 200 days put it at $64.92.
Levels Of Support And Resistance For VAL Stock
The 24-hour chart illustrates a support level at 45.56, which if violated will result in even more drops to 44.94. On the upside, there is a resistance level at 46.75. A further resistance level may holdings at 47.32. The Relative Strength Index (RSI) on the 14-day chart is 40.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.10%. Stochastics %K at 5.55% indicates the stock is a buying.
How much short interest is there in Valaris Ltd?
A steep rise in short interest was recorded in Valaris Ltd stocks on 2024-11-15, dropping by -0.33 million shares to a total of 8.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.93 million shares. There was a decline of -3.8%, which implies that there is a negative sentiment for the stock.
