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. Weatherford International plc shares valued at $929,740 were sold by Sandhu Depinder on Feb 07 ’25. At $66.41 per share, Sandhu Depinder sold 14,000 shares. The insider’s holdings dropped to 8,892 shares worth approximately $0.66 million following the completion of this transaction.
Also, Mitra Arunava sold 10,000 shares, netting a total of over 675,712 in proceeds. Following the sale of shares at $67.57 each, the insider now holds 21,072 shares.
Before that, Mills Desmond J had sold 19,425 shares from its account. In a trade valued at $1,311,469, the SVP & Chief Accounting Officer traded Weatherford International plc shares for $67.51 each. Upon closing the transaction, the insider’s holdings decreased to 19,425 shares, worth approximately $1.32 million.
As published in their initiating research note from Piper Sandler on December 19, 2024, Weatherford International plc [WFRD] has been a Neutral and the price target has been revised to $87. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of May 14, 2024, Citigroup has initiated its “Buy” rating for WFRD. Earlier on February 28, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for WFRD stock.
Analyzing WFRD Stock Performance
During the last five days, there has been a surge of approximately 13.11%. Over the course of the year, Weatherford International plc shares have jumped approximately 3.21%. Shares of the company reached a 52-week high of $75.72 on 01/07/25 and a 52-week low of $60.45 on 02/03/25. A 50-day SMA is recorded $71.50, while a 200-day SMA reached $96.41. Nevertheless, trading volume fell to 2.43 million shares from 1.12 million shares the previous day.
Support And Resistance Levels for Weatherford International plc (WFRD)
According to the 24-hour chart, there is a support level at 69.38, which, if violated, would cause prices to drop to 64.84. In the upper region, resistance lies at 76.33. The next price resistance is at 78.74. RSI (Relative Strength Index) is 63.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.09, which suggests the price will increase in the coming days. Percent R is at 1.89%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
