Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Valaris Ltd shares valued at $198,000 were sold by Weber Christopher T on Nov 05 ’24. At $49.50 per share, Weber Christopher T sold 4,000 shares. The insider’s holdings dropped to 52,236 shares worth approximately $2.59 million following the completion of this transaction.
Also, Weber Christopher T purchased 4,000 shares, netting a total of over 197,869 in proceeds.
Before that, Lyne Matthew had sold 26,000 shares from its account. In a trade valued at $1,449,994, the SVP – CCO traded Valaris Ltd shares for $55.77 each. Upon closing the transaction, the insider’s holdings decreased to 26,000 shares, worth approximately $1.21 million.
As published in a research note from Evercore ISI on January 15, 2025, Valaris Ltd [VAL] has been rated down from an Outperform to an In-line and the price target has been revised to $59 from $87. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of December 09, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for VAL. Earlier on December 06, 2024, JP Morgan initiated its rating. Their recommendation was “an Underweight” for VAL stock.
Analyzing VAL Stock Performance
During the last five days, there has been a surge of approximately 6.56%. Over the course of the year, Valaris Ltd shares have jumped approximately 11.93%. Shares of the company reached a 52-week high of $50.29 on 01/15/25 and a 52-week low of $43.96 on 01/03/25. A 50-day SMA is recorded $46.01, while a 200-day SMA reached $61.26. Nevertheless, trading volume fell to 2.42 million shares from 1.67 million shares the previous day.
Support And Resistance Levels for Valaris Ltd (VAL)
According to the 24-hour chart, there is a support level at 48.42, which, if violated, would cause prices to drop to 47.31. In the upper region, resistance lies at 50.46. The next price resistance is at 51.39. RSI (Relative Strength Index) is 67.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.31, which suggests the price will increase in the coming days. Percent R is at 7.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
