Weatherford International plc’s recent filing unveils that its SVP & Chief Accounting Officer Mills Desmond J unloaded Company’s shares for reported $0.52 million on Oct 25 ’24. In the deal valued at $79.86 per share,6,531 shares were sold. As a result of this transaction, Mills Desmond J now holds 11,680 shares worth roughly $0.84 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, Mills Desmond J bought 6,531 shares, generating $521,566 in total proceeds.
Before that, Reed David John sold 6,805 shares. Weatherford International plc shares valued at $639,390 were divested by the EVP, Chief Commercial Officer at a price of $93.96 per share. As a result of the transaction, Reed David John now holds 0 shares, worth roughly $0.0.
Goldman downgraded its Weatherford International plc [WFRD] rating to a Neutral from a a Buy in a research note published on December 13, 2024; the price target was decreased to $98 from $132. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Barclays began covering WFRD with “an Overweight” recommendation on February 28, 2024. BofA Securities started covering the stock on November 10, 2023. It rated WFRD as “a Buy”.
Price Performance Review of WFRD
On Tuesday, Weatherford International plc [NASDAQ:WFRD] saw its stock fall -2.87% to $71.62. Over the last five days, the stock has lost -6.67%. Weatherford International plc shares have fallen nearly -26.79% since the year began. Nevertheless, the stocks have fallen -19.48% over the past one year. While a 52-week high of $135.00 was reached on 07/16/24, a 52-week low of $73.55 was recorded on 12/17/24. SMA at 50 days reached $83.63, while 200 days put it at $105.41.
Levels Of Support And Resistance For WFRD Stock
The 24-hour chart illustrates a support level at 70.90, which if violated will result in even more drops to 70.19. On the upside, there is a resistance level at 72.56. A further resistance level may holdings at 73.51. The Relative Strength Index (RSI) on the 14-day chart is 31.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.84%. Stochastics %K at 2.44% indicates the stock is a buying.
How much short interest is there in Weatherford International plc?
A steep rise in short interest was recorded in Weatherford International plc stocks on 2024-11-29, growing by 0.13 million shares to a total of 2.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.1 million shares. There was a rise of 5.93%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 07, 2023 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $100 price target.
