Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Baker Hughes Co shares valued at $406,900 were sold by Buese Nancy on Nov 06 ’24. At $40.69 per share, Buese Nancy sold 10,000 shares. The insider’s holdings dropped to 26,817 shares worth approximately $1.09 million following the completion of this transaction.
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Also, Buese Nancy purchased 10,000 shares, netting a total of over 405,101 in proceeds.
Before that, Buese Nancy had sold 5,000 shares from its account. In a trade valued at $190,100, the EVP & Chief Financial Officer traded Baker Hughes Co shares for $38.02 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $1.5 million.
As published in their initiating research note from Piper Sandler on December 19, 2024, Baker Hughes Co [BKR] has been an Overweight and the price target has been revised to $53. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of September 25, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for BKR. Earlier on July 29, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for BKR stock.
Analyzing BKR Stock Performance
During the last five days, there has been a drop of approximately -2.17%. Over the course of the year, Baker Hughes Co shares have jumped approximately 18.52%. Shares of the company reached a 52-week high of $45.17 on 11/21/24 and a 52-week low of $28.32 on 02/05/24. A 50-day SMA is recorded $40.84, while a 200-day SMA reached $35.80. Nevertheless, trading volume fell to 2.12 million shares from 4.09 million shares the previous day.
Support And Resistance Levels for Baker Hughes Co (BKR)
According to the 24-hour chart, there is a support level at 40.15, which, if violated, would cause prices to drop to 39.52. In the upper region, resistance lies at 41.16. The next price resistance is at 41.54. RSI (Relative Strength Index) is 42.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 58.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
