Weatherford International plc (NYSE:WFT) has tumbled 9.27% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 20.85% in the last four weeks. The stocks have underperformed the S&P 500 by 8.18% during the past week but Weatherford International plc (NYSE:WFT) it has outperformed the index in 4 weeks by 19.75%.
Weatherford International plc (NYSE:WFT): The stock was completely flat for the day, closing at $5.97 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $6.21, the stock touched an intraday high of $6.22 and a low of $5.93. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $5.97. The total trading volume on Friday was 24,781,678.
The company shares have dropped -54.74% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $13.56 and the one year low was seen on May 20, 2016. The 50-Day Moving Average price is $6.13 and the 200 Day Moving Average price is recorded at $7.11.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Weatherford International Plc, Kalman Francis S had purchased shares worth of $158,700 in a transaction dated on May 9, 2016. A total of 30,000 shares were purchased at a price of $5.29 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Citigroup maintains their rating on the shares of Weatherford International plc (NYSE:WFT). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $8 per share from $7 per share. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.1% of Weatherford International plc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 15.1% . Institutional Investors own 81.87% of Weatherford International plc shares. During last six month period, the net percent change held by insiders has seen a change of 14.7%.