Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Weatherford International plc shares valued at $521,566 were sold by Mills Desmond J on Oct 25 ’24. At $79.86 per share, Mills Desmond J sold 6,531 shares. The insider’s holdings dropped to 11,680 shares worth approximately $0.84 million following the completion of this transaction.
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Also, Mills Desmond J purchased 6,531 shares, netting a total of over 521,566 in proceeds.
Before that, Reed David John had sold 6,805 shares from its account. In a trade valued at $639,390, the EVP, Chief Commercial Officer traded Weatherford International plc shares for $93.96 each. Upon closing the transaction, the insider’s holdings decreased to 6,805 shares, worth approximately $0.0.
As published in their initiating research note from Piper Sandler on December 19, 2024, Weatherford International plc [WFRD] has been a Neutral and the price target has been revised to $87. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of May 14, 2024, Citigroup has initiated its “Buy” rating for WFRD. Earlier on February 28, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for WFRD stock.
Analyzing WFRD Stock Performance
During the last five days, there has been a surge of approximately 5.23%. Over the course of the year, Weatherford International plc shares have dropped approximately -26.78%. Shares of the company reached a 52-week high of $135.00 on 07/16/24 and a 52-week low of $66.23 on 12/20/24. A 50-day SMA is recorded $79.54, while a 200-day SMA reached $103.57. Nevertheless, trading volume fell to 0.79 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Weatherford International plc (WFRD)
According to the 24-hour chart, there is a support level at 70.15, which, if violated, would cause prices to drop to 68.68. In the upper region, resistance lies at 72.85. The next price resistance is at 74.08. RSI (Relative Strength Index) is 41.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.49, which suggests the price will decrease in the coming days. Percent R is at 63.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
