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HP Stock Sees Surge of Approximately 7.81% in Last Five Days

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Helmerich & Payne, Inc shares valued at $99,627 were purchased by Vann J Kevin on Sep 27 ’24. At $30.19 per share, Vann J Kevin acquired 3,300 shares. The insider’s holdings grew to 3,300 shares worth approximately $0.11 million following the completion of this transaction.

Also, Smith Mark W. sold 16,000 shares, netting a total of over 647,840 in proceeds. Following the sale of shares at $40.49 each, the insider now holds 144,870 shares.

Before that, Hair Cara M. had sold 9,910 shares from its account. In a trade valued at $398,580, the SVP, CORP. SERVICES & CLO traded Helmerich & Payne, Inc shares for $40.22 each. Upon closing the transaction, the insider’s holdings decreased to 9,910 shares, worth approximately $4.56 million.

As published in a research note from The Benchmark Company on January 16, 2024, Helmerich & Payne, Inc [HP] has been rated down from a Buy to a Hold. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of January 08, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for HP. Earlier on January 02, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for HP stock which previously was a “a Buy”.

Analyzing HP Stock Performance

During the last five days, there has been a surge of approximately 7.81%. Over the course of the year, Helmerich & Payne, Inc shares have jumped approximately 3.44%. Shares of the company reached a 52-week high of $33.63 on 01/02/25 and a 52-week low of $32.71 on 01/02/25. A 50-day SMA is recorded $33.77, while a 200-day SMA reached $35.86. Nevertheless, trading volume fell to 0.81 million shares from 0.84 million shares the previous day.

Support And Resistance Levels for Helmerich & Payne, Inc (HP)

According to the 24-hour chart, there is a support level at 32.67, which, if violated, would cause prices to drop to 32.23. In the upper region, resistance lies at 33.60. The next price resistance is at 34.08. RSI (Relative Strength Index) is 53.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 25.86%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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