In a filing, NOV Inc revealed its Director HARRISON DAVID D unloaded Company’s shares for reported $28722.0 on Nov 20 ’24. In the deal valued at $16.10 per share,1,784 shares were sold. As a result of this transaction, HARRISON DAVID D now holds 110,951 shares worth roughly $1.32 million.
Then, Livingston Scott B. sold 29,410 shares, generating $485,085 in total proceeds. Upon selling the shares at $16.49, the insider now owns 61,752 shares.
Before that, Rovig Joseph W sold 73,256 shares. NOV Inc shares valued at $1,201,076 were divested by the President – Energy Equipment at a price of $16.40 per share. As a result of the transaction, Rovig Joseph W now holds 191,567 shares, worth roughly $2.29 million.
RBC Capital Mkts upgraded its NOV Inc [NOV] rating to an Outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “an In-line”. Seaport Research Partners also remained covering NOV and has decreased its forecast on January 06, 2025 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler started covering the stock on December 19, 2024. It rated NOV as “a Neutral”.
Price Performance Review of NOV
On Monday, NOV Inc [NYSE:NOV] saw its stock fall -0.25% to $11.94. Over the last five days, the stock has lost -21.55%. NOV Inc shares have fallen nearly -18.22% since the year began. Nevertheless, the stocks have fallen -40.48% over the past one year. While a 52-week high of $21.20 was reached on 02/05/25, a 52-week low of $11.65 was recorded on 04/07/25. SMA at 50 days reached $14.83, while 200 days put it at $16.16.
Levels Of Support And Resistance For NOV Stock
The 24-hour chart illustrates a support level at 11.24, which if violated will result in even more drops to 10.55. On the upside, there is a resistance level at 12.63. A further resistance level may holdings at 13.33. The Relative Strength Index (RSI) on the 14-day chart is 25.79, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.36%. Stochastics %K at 8.08% indicates the stock is a buying.
How much short interest is there in NOV Inc?
A steep rise in short interest was recorded in NOV Inc stocks on 2025-03-14, growing by 4.82 million shares to a total of 24.8 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 19.98 million shares. There was a rise of 19.45%, which implies that there is a positive sentiment for the stock.
