Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Baker Hughes Co shares valued at $3,709,600 were sold by Buese Nancy on Feb 21 ’25. At $46.37 per share, Buese Nancy sold 80,000 shares. The insider’s holdings dropped to 6,299 shares worth approximately $0.27 million following the completion of this transaction.
Also, Buese Nancy purchased 80,000 shares, netting a total of over 3,697,496 in proceeds.
Before that, Apostolides James E had sold 7,681 shares from its account. In a trade valued at $358,319, the SVP, Enterprise Op Excellence traded Baker Hughes Co shares for $46.65 each. Upon closing the transaction, the insider’s holdings decreased to 7,681 shares, worth approximately $0.85 million.
As published in their initiating research note from Piper Sandler on December 19, 2024, Baker Hughes Co [BKR] has been an Overweight and the price target has been revised to $53. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of September 25, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for BKR. Earlier on July 29, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for BKR stock.
Analyzing BKR Stock Performance
During the last five days, there has been a drop of approximately -7.21%. Over the course of the year, Baker Hughes Co shares have jumped approximately 6.07%. Shares of the company reached a 52-week high of $49.40 on 02/06/25 and a 52-week low of $40.89 on 01/02/25. A 50-day SMA is recorded $44.24, while a 200-day SMA reached $38.27. Nevertheless, trading volume fell to 4.63 million shares from 7.41 million shares the previous day.
Support And Resistance Levels for Baker Hughes Co (BKR)
According to the 24-hour chart, there is a support level at 43.06, which, if violated, would cause prices to drop to 42.60. In the upper region, resistance lies at 44.20. The next price resistance is at 44.88. RSI (Relative Strength Index) is 38.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.03, which suggests the price will decrease in the coming days. Percent R is at 96.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
