Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Helmerich & Payne, Inc shares valued at $99,750 were purchased by Foutch Randy A on Feb 18 ’25. At $26.25 per share, Foutch Randy A acquired 3,800 shares. The insider’s holdings grew to 30,624 shares worth approximately $0.79 million following the completion of this transaction.
Also, Chariag Belgacem purchased 37,356 shares, netting a total of over 1,011,600 in proceeds. Following the buying of shares at $27.08 each, the insider now holds 54,606 shares.
Before that, LINDSAY JOHN W had added 20,000 shares to its account. In a trade valued at $551,000, the PRESIDENT AND CEO bought Helmerich & Payne, Inc shares for $27.55 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $17.77 million.
As published in a research note from Evercore ISI on January 15, 2025, Helmerich & Payne, Inc [HP] has been rated down from an Outperform to an In-line and the price target has been revised to $39 from $48. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 16, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for HP. Earlier on January 10, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for HP stock which previously was a “an Overweight”.
Analyzing HP Stock Performance
During the last five days, there has been a drop of approximately -5.62%. Over the course of the year, Helmerich & Payne, Inc shares have dropped approximately -19.71%. Shares of the company reached a 52-week high of $37.30 on 01/17/25 and a 52-week low of $25.69 on 02/18/25. A 50-day SMA is recorded $32.11, while a 200-day SMA reached $34.34. Nevertheless, trading volume fell to 1.66 million shares from 1.89 million shares the previous day.
Support And Resistance Levels for Helmerich & Payne, Inc (HP)
According to the 24-hour chart, there is a support level at 25.50, which, if violated, would cause prices to drop to 25.28. In the upper region, resistance lies at 26.14. The next price resistance is at 26.56. RSI (Relative Strength Index) is 26.60 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.56, which suggests the price will decrease in the coming days. Percent R is at 99.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
