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. NOV Inc shares valued at $28,722 were sold by HARRISON DAVID D on Nov 20 ’24. At $16.10 per share, HARRISON DAVID D sold 1,784 shares. The insider’s holdings dropped to 110,951 shares worth approximately $1.82 million following the completion of this transaction.
Also, Livingston Scott B. sold 29,410 shares, netting a total of over 485,085 in proceeds. Following the sale of shares at $16.49 each, the insider now holds 61,752 shares.
Before that, Rovig Joseph W had sold 73,256 shares from its account. In a trade valued at $1,201,076, the President – Energy Equipment traded NOV Inc shares for $16.40 each. Upon closing the transaction, the insider’s holdings decreased to 73,256 shares, worth approximately $3.15 million.
As published in a research note from Evercore ISI on January 15, 2025, NOV Inc [NOV] has been rated down from an Outperform to an In-line and the price target has been revised to $18 from $25. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 19, 2024, Piper Sandler has initiated its “Neutral” rating for NOV. Earlier on November 11, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for NOV stock which previously was a “a Buy”.
Analyzing NOV Stock Performance
During the last five days, there has been a surge of approximately 14.10%. Over the course of the year, NOV Inc shares have jumped approximately 12.53%. Shares of the company reached a 52-week high of $16.66 on 02/05/25 and a 52-week low of $13.96 on 02/04/25. A 50-day SMA is recorded $15.04, while a 200-day SMA reached $16.91. Nevertheless, trading volume fell to 13.47 million shares from 3.96 million shares the previous day.
Support And Resistance Levels for NOV Inc (NOV)
According to the 24-hour chart, there is a support level at 15.55, which, if violated, would cause prices to drop to 14.67. In the upper region, resistance lies at 16.98. The next price resistance is at 17.54. RSI (Relative Strength Index) is 70.54 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 8.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
