Weatherford International plc’s recently made public that its EVP, Global Product Lines Sandhu Depinder unloaded Company’s shares for reported $0.93 million on Feb 07 ’25. In the deal valued at $66.41 per share,14,000 shares were sold. As a result of this transaction, Sandhu Depinder now holds 8,892 shares worth roughly $0.51 million.
Then, Mitra Arunava sold 10,000 shares, generating $675,712 in total proceeds. Upon selling the shares at $67.57, the EVP and CFO now owns 21,072 shares.
Before that, Mills Desmond J sold 19,425 shares. Weatherford International plc shares valued at $1,311,469 were divested by the SVP & Chief Accounting Officer at a price of $67.51 per share. As a result of the transaction, Mills Desmond J now holds 17,899 shares, worth roughly $1.02 million.
Piper Sandler initiated its Weatherford International plc [WFRD] rating to a Neutral in a research note published on December 19, 2024; the price target was $87. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Citigroup began covering WFRD with “Buy” recommendation on May 14, 2024. Barclays started covering the stock on February 28, 2024. It rated WFRD as “an Overweight”.
Price Performance Review of WFRD
On Monday, Weatherford International plc [NASDAQ:WFRD] saw its stock fall -8.00% to $56.96. Over the last five days, the stock has lost -12.15%. Weatherford International plc shares have fallen nearly -20.48% since the year began. Nevertheless, the stocks have fallen -45.36% over the past one year. While a 52-week high of $135.00 was reached on 01/07/25, a 52-week low of $60.45 was recorded on 03/03/25. SMA at 50 days reached $68.40, while 200 days put it at $93.23.
Levels Of Support And Resistance For WFRD Stock
The 24-hour chart illustrates a support level at 54.65, which if violated will result in even more drops to 52.33. On the upside, there is a resistance level at 61.01. A further resistance level may holdings at 65.05. The Relative Strength Index (RSI) on the 14-day chart is 27.88, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.77%. Stochastics %K at 4.53% indicates the stock is a buying.
The most recent change occurred on November 10, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $120 price target.
