In a filing, NOV Inc revealed its Director HARRISON DAVID D unloaded Company’s shares for reported $28722.0 on Nov 20 ’24. In the deal valued at $16.10 per share,1,784 shares were sold. As a result of this transaction, HARRISON DAVID D now holds 110,951 shares worth roughly $1.72 million.
Then, Livingston Scott B. sold 29,410 shares, generating $485,085 in total proceeds. Upon selling the shares at $16.49, the insider now owns 61,752 shares.
Before that, Rovig Joseph W sold 73,256 shares. NOV Inc shares valued at $1,201,076 were divested by the President – Energy Equipment at a price of $16.40 per share. As a result of the transaction, Rovig Joseph W now holds 191,567 shares, worth roughly $2.97 million.
Evercore ISI downgraded its NOV Inc [NOV] rating to an In-line from a an Outperform in a research note published on January 15, 2025; the price target was decreased to $18 from $25. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Piper Sandler began covering NOV with “Neutral” recommendation on December 19, 2024. Citigroup revised its rating on November 11, 2024. It rated NOV as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NOV
On Tuesday, NOV Inc [NYSE:NOV] saw its stock fall -0.64% to $15.52. Over the last five days, the stock has gained 4.58%. NOV Inc shares have risen nearly 6.30% since the year began. Nevertheless, the stocks have fallen -20.29% over the past one year. While a 52-week high of $21.23 was reached on 01/21/25, a 52-week low of $13.94 was recorded on 01/10/25. SMA at 50 days reached $15.38, while 200 days put it at $17.18.
Levels Of Support And Resistance For NOV Stock
The 24-hour chart illustrates a support level at 15.27, which if violated will result in even more drops to 15.03. On the upside, there is a resistance level at 15.80. A further resistance level may holdings at 16.09. The Relative Strength Index (RSI) on the 14-day chart is 61.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.69%. Stochastics %K at 91.47% indicates the stock is a selling.
How much short interest is there in NOV Inc?
A steep rise in short interest was recorded in NOV Inc stocks on 2024-12-31, growing by 6.91 million shares to a total of 20.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 13.77 million shares. There was a rise of 33.41%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 28, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $22.
