Noble Corporation (NYSE:NE) has climbed 2.52% in the past week and advanced 8.07% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.75% and the outperformance has advanced to 7.09% for the last 4 weeks period.
Noble Corporation (NYSE:NE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.02 and $8.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.37, notching a gain of 5.52% for the day. The total traded volume was 11,822,549 . The stock had closed at $8.88 on the previous day.
The company shares have dropped -38.76% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $15.80 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.19 and the 200 Day Moving Average price is recorded at $9.76.
On the companys insider trading activities, Cawley Michael A, director of Noble Corp Plc, unloaded 20,000 shares at an average price of $13.52 on March 7, 2016. The total amount of the transaction was worth $270,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Argus Research downgrades its ratings on Noble Corporation (NYSE:NE). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 20, 2016. Currently the company Insiders own 1.4% of Noble Corporation shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -16.14%.