Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Noble Corp Plc shares valued at $45,159 were sold by Kawaja Joey M on Feb 03 ’25. At $31.47 per share, Kawaja Joey M sold 1,435 shares. The insider’s holdings dropped to 113,464 shares worth approximately $3.62 million following the completion of this transaction.
Also, Barker Richard B. sold 22,813 shares, netting a total of over 739,141 in proceeds. Following the sale of shares at $32.40 each, the insider now holds 281,022 shares.
Before that, ALTING CAROLINE had sold 1,618 shares from its account. In a trade valued at $54,122, the SVP, Ops. Excellence & Sust traded Noble Corp Plc shares for $33.45 each. Upon closing the transaction, the insider’s holdings decreased to 1,618 shares, worth approximately $63867.48.
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 -2.33%. Over the course of the year, Noble Corp Plc shares have jumped approximately 1.50%. Shares of the company reached a 52-week high of $35.06 on 01/15/25 and a 52-week low of $31.00 on 02/03/25. A 50-day SMA is recorded $32.26, while a 200-day SMA reached $38.33. Nevertheless, trading volume fell to 2.32 million shares from 1.38 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 31.27, which, if violated, would cause prices to drop to 30.66. In the upper region, resistance lies at 32.59. The next price resistance is at 33.30. RSI (Relative Strength Index) is 45.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 73.64%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
