Baker Hughes Company (BKR) shares have seen significant activity both in acquisitions and sales by multiple investment firms. Notably, Baker Hughes recorded a 2.49% increase following a U.S. rig count decline. Several firms, including
Brown Advisory Inc., D.A. Davidson & CO., and Bank of New York Mellon Corp, sold their shares in the company, while others like WealthTrust Asset Management LLC and Kentucky Retirement Systems Insurance Trust Fund made new investments. The company is expanding its market footprint with a new partnership with Evida for CO2 transport in Denmark. Moreover, Baker Hughes announced the acquisition of
Continental Disc Corporation and sealed a $540M deal with Pressure Management. Furthermore, it plans to sell its sensor unit to Crane for $1.15 billion. Despite these developments, the company's shares are still trailing the market, and its stock experienced a drop in a recent week. However, analysts have given BKR a 'Moderate Buy' recommendation.
Baker Hughes Company BKR News Analytics from Tue, 17 Dec 2024 08:00:00 GMT to Sat, 12 Jul 2025 23:53:17 GMT -
Rating -2
- Innovation -1
- Information 7
- Rumor -3
