Baker Hughes Co’s recently made public that its SVP, Enterprise Op Excellence Apostolides James E unloaded Company’s shares for reported $0.36 million on Feb 12 ’25. In the deal valued at $46.65 per share,7,681 shares were sold. As a result of this transaction, Apostolides James E now holds 19,596 shares worth roughly $ 0.91 million.
Then, Apostolides James E bought 7,681 shares, generating $358,319 in total proceeds.
Before that, BORRAS MARIA C sold 67,250 shares. Baker Hughes Co shares valued at $2,924,030 were divested by the EVP, Oilfield Services & Equip at a price of $43.48 per share. As a result of the transaction, BORRAS MARIA C now holds 106,052 shares, worth roughly $4.92 million.
Piper Sandler initiated its Baker Hughes Co [BKR] rating to an Overweight in a research note published on December 19, 2024; the price target was $53. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. Wells Fargo also remained covering BKR and has increased its forecast on September 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. TD Cowen maintained its rating on July 29, 2024. It rated BKR as “a Buy”.
Price Performance Review of BKR
On Friday, Baker Hughes Co [NASDAQ:BKR] saw its stock jump 0.54% to $46.40. Over the last five days, the stock has gained 0.43%. Baker Hughes Co shares have risen nearly 13.12% since the year began. Nevertheless, the stocks have risen 59.94% over the past one year. While a 52-week high of $49.40 was reached on 02/06/25, a 52-week low of $28.63 was recorded on 01/02/25. SMA at 50 days reached $43.78, while 200 days put it at $37.80.
Levels Of Support And Resistance For BKR Stock
The 24-hour chart illustrates a support level at 46.04, which if violated will result in even more drops to 45.68. On the upside, there is a resistance level at 46.75. A further resistance level may holdings at 47.10. The Relative Strength Index (RSI) on the 14-day chart is 54.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.37%. Stochastics %K at 52.40% indicates the stock is a holding.
How much short interest is there in Baker Hughes Co?
A steep rise in short interest was recorded in Baker Hughes Co stocks on 2025-01-31, growing by 7397.0 shares to a total of 13.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 13.65 million shares. There was a rise of 0.05%, which implies that there is a positive sentiment for the stock.
