Noble Corp Plc’s recent filing unveils that its SVP, Operations Kawaja Joey M unloaded Company’s shares for reported $1.07 million on Nov 11 ’24. In the deal valued at $35.76 per share,30,000 shares were sold. As a result of this transaction, Kawaja Joey M now holds 83,208 shares worth roughly $2.72 million.
Then, Denton Blake sold 30,000 shares, generating $1,071,600 in total proceeds. Upon selling the shares at $35.72, the SVP, Marketing & Contracts now owns 83,208 shares.
Before that, Denton Blake bought 30,000 shares. Noble Corp Plc shares valued at $1,050,000 were divested by the Officer at a price of $35.00 per share.
Evercore ISI downgraded its Noble Corp Plc [NE] rating to an In-line from a an Outperform in a research note published on January 15, 2025; the price target was decreased to $41 from $64. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. The Benchmark Company also remained covering NE and has decreased its forecast on October 15, 2024 with a “Hold” recommendation from previously “Buy” rating.
Price Performance Review of NE
On Monday, Noble Corp Plc [NYSE:NE] saw its stock fall -1.80% to $32.65. Over the last five days, the stock has lost -2.65%. Noble Corp Plc shares have risen nearly 3.98% since the year began. Nevertheless, the stocks have fallen -27.61% over the past one year. While a 52-week high of $52.15 was reached on 01/15/25, a 52-week low of $28.40 was recorded on 01/02/25. SMA at 50 days reached $32.61, while 200 days put it at $38.96.
Levels Of Support And Resistance For NE Stock
The 24-hour chart illustrates a support level at 32.23, which if violated will result in even more drops to 31.80. On the upside, there is a resistance level at 33.35. A further resistance level may holdings at 34.04. The Relative Strength Index (RSI) on the 14-day chart is 49.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.60%. Stochastics %K at 28.79% indicates the stock is a holding.
How much short interest is there in Noble Corp Plc?
A steep rise in short interest was recorded in Noble Corp Plc stocks on 2024-12-31, dropping by -0.64 million shares to a total of 9.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 10.62 million shares. There was a decline of -6.39%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 28, 2023 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $62 price target.
