The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Noble Corp Plc shares valued at $54,122 were sold by ALTING CAROLINE on Jan 26 ’25. At $33.45 per share, ALTING CAROLINE sold 1,618 shares. The insider’s holdings dropped to 2,004 shares worth approximately $65390.520000000004 following the completion of this transaction.
Also, Kawaja Joey M sold 30,000 shares, netting a total of over 1,072,800 in proceeds. Following the sale of shares at $35.76 each, the insider now holds 83,208 shares.
Before that, Denton Blake had sold 30,000 shares from its account. In a trade valued at $1,071,600, the SVP, Marketing & Contracts traded Noble Corp Plc shares for $35.72 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $2.72 million.
As published in a research note from Evercore ISI on January 15, 2025, Noble Corp Plc [NE] has been rated down from an Outperform to an In-line and the price target has been revised to $41 from $64. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of October 15, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for NE.
Analyzing NE Stock Performance
During the last five days, there has been a drop of approximately -2.01%. Over the course of the year, Noble Corp Plc shares have jumped approximately 3.92%. Shares of the company reached a 52-week high of $35.06 on 01/15/25 and a 52-week low of $31.53 on 01/29/25. A 50-day SMA is recorded $32.46, while a 200-day SMA reached $38.70. Nevertheless, trading volume fell to 1.25 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for Noble Corp Plc (NE)
According to the 24-hour chart, there is a support level at 32.11, which, if violated, would cause prices to drop to 31.59. In the upper region, resistance lies at 33.00. The next price resistance is at 33.36. RSI (Relative Strength Index) is 50.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.88, which suggests the price will decrease in the coming days. Percent R is at 68.79%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
