The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Noble Corp Plc shares valued at $1,072,800 were sold by Kawaja Joey M on Nov 11 ’24. At $35.76 per share, Kawaja Joey M sold 30,000 shares. The insider’s holdings dropped to 83,208 shares worth approximately $2.4 million following the completion of this transaction.
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Also, Denton Blake sold 30,000 shares, netting a total of over 1,071,600 in proceeds. Following the sale of shares at $35.72 each, the insider now holds 83,208 shares.
Before that, Denton Blake had added 30,000 shares to its account. In a trade valued at $1,050,000, the Officer bought Noble Corp Plc shares for $35.00 each.
As published in their initiating research note from JP Morgan on December 06, 2024, Noble Corp Plc [NE] has been a Neutral and the price target has been revised to $37. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid October. Earlier on November 28, 2023, CapitalOne initiated its rating. Their recommendation was “an Overweight” for NE stock.
Analyzing NE Stock Performance
During the last five days, there has been a drop of approximately -8.67%. Over the course of the year, Noble Corp Plc shares have dropped approximately -40.10%. Shares of the company reached a 52-week high of $52.15 on 04/08/24 and a 52-week low of $28.70 on 12/19/24. A 50-day SMA is recorded $33.03, while a 200-day SMA reached $40.76. Nevertheless, trading volume fell to 1.86 million shares from 2.1 million shares the previous day.
Support And Resistance Levels for Noble Corp Plc (NE)
According to the 24-hour chart, there is a support level at 28.38, which, if violated, would cause prices to drop to 27.91. In the upper region, resistance lies at 29.64. The next price resistance is at 30.43. RSI (Relative Strength Index) is 26.60 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.40, which suggests the price will decrease in the coming days. Percent R is at 97.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
