Valaris Ltd’s filing revealed 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 $2.19 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $1.02 million.
JP Morgan initiated its Valaris Ltd [VAL] rating to an Underweight in a research note published on December 06, 2024; the price target was $40. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. Susquehanna began covering VAL with “Neutral” recommendation on September 24, 2024. Pickering Energy Partners revised its rating on July 16, 2024. It rated VAL as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of VAL
On Friday, Valaris Ltd [NYSE:VAL] saw its stock fall -6.44% to $41.98. Over the last five days, the stock has lost -9.11%. Valaris Ltd shares have fallen nearly -38.78% since the year began. Nevertheless, the stocks have fallen -35.37% over the past one year. While a 52-week high of $84.20 was reached on 08/01/24, a 52-week low of $44.53 was recorded on 12/06/24. SMA at 50 days reached $50.18, while 200 days put it at $64.41.
Levels Of Support And Resistance For VAL Stock
The 24-hour chart illustrates a support level at 40.86, which if violated will result in even more drops to 39.73. On the upside, there is a resistance level at 43.91. A further resistance level may holdings at 45.83. The Relative Strength Index (RSI) on the 14-day chart is 29.80, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.11%. Stochastics %K at 5.35% 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.
The most recent change occurred on November 28, 2023 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $100 price target.
