Weatherford International plc’s recently made public that its Director GOLDMAN NEAL P acquired Company’s shares for reported $0.5 million on Apr 24 ’25. In the deal valued at $42.04 per share,12,000 shares were bought. As a result of this transaction, GOLDMAN NEAL P now holds 25,311 shares worth roughly $1.25 million.
Then, Sandhu Depinder sold 14,000 shares, generating $929,740 in total proceeds. Upon selling the shares at $66.41, the EVP, Global Product Lines now owns 8,892 shares.
Before that, Mitra Arunava sold 10,000 shares. Weatherford International plc shares valued at $675,712 were divested by the EVP and CFO at a price of $67.57 per share. As a result of the transaction, Mitra Arunava now holds 21,072 shares, worth roughly $1.04 million.
Raymond James downgraded its Weatherford International plc [WFRD] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Goldman also remained covering WFRD and has decreased its forecast on December 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup started covering the stock on May 14, 2024. It rated WFRD as “a Buy”.
Price Performance Review of WFRD
On Monday, Weatherford International plc [NASDAQ:WFRD] saw its stock jump 1.86% to $49.27. Over the last five days, the stock has gained 12.36%. Weatherford International plc shares have fallen nearly -31.22% since the year began. Nevertheless, the stocks have fallen -55.89% over the past one year. SMA at 50 days reached $45.56, while 200 days put it at $69.48.
Levels Of Support And Resistance For WFRD Stock
The Relative Strength Index (RSI) on the 14-day chart is 59.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.65%. Stochastics %K at 81.75% indicates the stock is a selling.
The most recent change occurred on February 28, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $135 price target.
