A Guide To The Risks Of Investing In NorthWestern Energy Group Inc (NWE)

NorthWestern Energy Group Inc’s recent filing unveils that its Director Ide Britt E unloaded Company’s shares for reported $33141.0 on Feb 27 ’24. In the deal valued at $48.24 per share,687 shares were sold. As a result of this transaction, Ide Britt E now holds 10,505 shares worth roughly $0.53 million.

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Then, YAZDI MAHVASH bought 1,000 shares, generating $48,800 in total proceeds. Upon buying the shares at $48.80, the Director now owns 15,093 shares.

Before that, Ide Britt E sold 1,200 shares. NorthWestern Energy Group Inc shares valued at $70,380 were divested by the Director at a price of $58.65 per share. As a result of the transaction, Ide Britt E now holds 10,125 shares, worth roughly $0.51 million.

Guggenheim upgraded its NorthWestern Energy Group Inc [NWE] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Sector weight”. Ladenburg Thalmann also remained covering NWE and has decreased its forecast on November 07, 2023 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on October 30, 2023. It rated NWE as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of NWE

On Tuesday, NorthWestern Energy Group Inc [NASDAQ:NWE] saw its stock fall -0.57% to $50.36. Over the last five days, the stock has gained 2.38%. NorthWestern Energy Group Inc shares have fallen nearly -1.04% since the year began. Nevertheless, the stocks have fallen -12.30% over the past one year. While a 52-week high of $61.24 was reached on 01/10/24, a 52-week low of $45.97 was recorded on 02/13/24. SMA at 50 days reached $48.56, while 200 days put it at $51.06. A total of 0.41 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For NWE Stock

The 24-hour chart illustrates a support level at 50.02, which if violated will result in even more drops to 49.68. On the upside, there is a resistance level at 50.75. A further resistance level may holdings at 51.14. 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 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.63%. Stochastics %K at 86.86% indicates the stock is a selling.

How much short interest is there in NorthWestern Energy Group Inc?

A steep rise in short interest was recorded in NorthWestern Energy Group Inc stocks on Mar 15, 2024, growing by 0.28 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.93 million shares. There was a rise of 12.67%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.42.

The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $48 price target.

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