Valaris Ltd’s recently made public 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 $2.14 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 $1.0 million.
Barclays downgraded its Valaris Ltd [VAL] rating to an Equal weight from a an Overweight in a research note published on December 18, 2024; the price target was decreased to $49 from $59. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Neutral”. JP Morgan began covering VAL with “an Underweight” recommendation on December 06, 2024. The Benchmark Company revised its rating on October 15, 2024. It rated VAL as “a Hold” which previously was an “a Buy”.
Price Performance Review of VAL
On Friday, Valaris Ltd [NYSE:VAL] saw its stock fall -0.24% to $41.04. Over the last five days, the stock has gained 0.29%. Valaris Ltd shares have fallen nearly -40.15% since the year began. Nevertheless, the stocks have fallen -42.06% over the past one year. While a 52-week high of $84.20 was reached on 08/01/24, a 52-week low of $39.90 was recorded on 12/24/24. SMA at 50 days reached $47.00, while 200 days put it at $62.75.
Levels Of Support And Resistance For VAL Stock
The 24-hour chart illustrates a support level at 40.51, which if violated will result in even more drops to 39.98. On the upside, there is a resistance level at 41.61. A further resistance level may holdings at 42.19. The Relative Strength Index (RSI) on the 14-day chart is 34.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.02%. Stochastics %K at 18.13% 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 2024-12-13, growing by 1.49 million shares to a total of 10.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.61 million shares. There was a rise of 14.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 24, 2024 when Susquehanna began covering the stock and recommended ‘”a Neutral”‘ rating along with a $62 price target.
