In a filing, Baker Hughes Co revealed its EVP & Chief Financial Officer Buese Nancy unloaded Company’s shares for reported $0.41 million on Nov 06 ’24. In the deal valued at $40.69 per share,10,000 shares were sold. As a result of this transaction, Buese Nancy now holds 26,817 shares worth roughly $1.2 million.
Then, Buese Nancy bought 10,000 shares, generating $405,101 in total proceeds.
Before that, Buese Nancy sold 5,000 shares. Baker Hughes Co shares valued at $190,100 were divested by the EVP & Chief Financial Officer at a price of $38.02 per share. As a result of the transaction, Buese Nancy now holds 36,817 shares, worth roughly $1.65 million.
Piper Sandler initiated its Baker Hughes Co [BKR] rating to an Overweight in a research note published on December 19, 2024; the price target was $53. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. Wells Fargo also remained covering BKR and has increased its forecast on September 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. TD Cowen maintained its rating on July 29, 2024. It rated BKR as “a Buy”.
Price Performance Review of BKR
On Monday, Baker Hughes Co [NASDAQ:BKR] saw its stock jump 3.63% to $44.83. Over the last five days, the stock has gained 5.09%. Baker Hughes Co shares have risen nearly 9.29% since the year began. Nevertheless, the stocks have risen 43.55% over the past one year. While a 52-week high of $45.17 was reached on 01/13/25, a 52-week low of $28.32 was recorded on 01/02/25. SMA at 50 days reached $42.07, while 200 days put it at $36.33.
Levels Of Support And Resistance For BKR Stock
The 24-hour chart illustrates a support level at 43.74, which if violated will result in even more drops to 42.65. On the upside, there is a resistance level at 45.48. A further resistance level may holdings at 46.13. The Relative Strength Index (RSI) on the 14-day chart is 71.91, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.67%. Stochastics %K at 89.89% indicates the stock is a selling.
How much short interest is there in Baker Hughes Co?
A steep rise in short interest was recorded in Baker Hughes Co stocks on 2024-12-13, dropping by -1.08 million shares to a total of 15.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 16.29 million shares. There was a decline of -7.07%, which implies that there is a negative sentiment for the stock.
