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 $2.25 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 $1.05 million.
Citigroup downgraded its Valaris Ltd [VAL] rating to a Neutral from a a Buy in a research note published on December 09, 2024; the price target was decreased to $47 from $58. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early December with a ‘”an Underweight”‘ rating. The Benchmark Company also remained covering VAL and has decreased its forecast on October 15, 2024 with a “Hold” recommendation from previously “Buy” rating. Susquehanna started covering the stock on September 24, 2024. It rated VAL as “a Neutral”.
Price Performance Review of VAL
On Tuesday, Valaris Ltd [NYSE:VAL] saw its stock jump 0.51% to $43.09. Over the last five days, the stock has lost -4.82%. Valaris Ltd shares have fallen nearly -37.16% since the year began. Nevertheless, the stocks have fallen -34.71% over the past one year. While a 52-week high of $84.20 was reached on 08/01/24, a 52-week low of $41.66 was recorded on 12/17/24. SMA at 50 days reached $48.55, while 200 days put it at $63.67.
Levels Of Support And Resistance For VAL Stock
The 24-hour chart illustrates a support level at 41.76, which if violated will result in even more drops to 40.43. On the upside, there is a resistance level at 43.79. A further resistance level may holdings at 44.49. The Relative Strength Index (RSI) on the 14-day chart is 38.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.76%. Stochastics %K at 25.10% indicates the stock is a holding.
How much short interest is there in Valaris Ltd?
A steep rise in short interest was recorded in Valaris Ltd stocks on 2024-11-29, growing by 0.12 million shares to a total of 8.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.77 million shares. There was a rise of 1.38%, which implies that there is a positive sentiment for the stock.
