Weatherford International plc’s recent filing unveils that its EVP, Chief Commercial Officer Reed David John unloaded Company’s shares for reported $0.35 million on Jan 06 ’25. In the deal valued at $72.66 per share,4,762 shares were sold. As a result of this transaction, Reed David John now holds 11,109 shares worth roughly $0.74 million.
Then, Reed David John bought 4,762 shares, generating $346,007 in total proceeds.
Before that, Mills Desmond J sold 6,531 shares. Weatherford International plc shares valued at $521,566 were divested by the SVP & Chief Accounting Officer at a price of $79.86 per share. As a result of the transaction, Mills Desmond J now holds 11,680 shares, worth roughly $0.77 million.
Piper Sandler initiated its Weatherford International plc [WFRD] rating to a Neutral in a research note published on December 19, 2024; the price target was $87. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Citigroup began covering WFRD with “Buy” recommendation on May 14, 2024. Barclays started covering the stock on February 28, 2024. It rated WFRD as “an Overweight”.
Price Performance Review of WFRD
On Tuesday, Weatherford International plc [NASDAQ:WFRD] saw its stock fall -3.88% to $66.19. Over the last five days, the stock has lost -9.65%. Weatherford International plc shares have fallen nearly -7.59% since the year began. Nevertheless, the stocks have fallen -33.28% over the past one year. While a 52-week high of $135.00 was reached on 01/07/25, a 52-week low of $66.23 was recorded on 01/28/25. SMA at 50 days reached $75.59, while 200 days put it at $99.48.
Levels Of Support And Resistance For WFRD Stock
The 24-hour chart illustrates a support level at 64.67, which if violated will result in even more drops to 63.16. On the upside, there is a resistance level at 68.44. A further resistance level may holdings at 70.70. The Relative Strength Index (RSI) on the 14-day chart is 34.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.43%. Stochastics %K at 15.23% indicates the stock is a buying.
How much short interest is there in Weatherford International plc?
A steep rise in short interest was recorded in Weatherford International plc stocks on 2025-01-15, growing by 0.22 million shares to a total of 2.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.27 million shares. There was a rise of 8.87%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 10, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $120 price target.
