Nasdaq Inc’s recent filing unveils that its Executive Vice President Smith Bryan Everard unloaded Company’s shares for reported $0.47 million on Apr 01 ’24. In the deal valued at $62.91 per share,7,400 shares were sold. As a result of this transaction, Smith Bryan Everard now holds 61,672 shares worth roughly $3.83 million.
Then, Borse Dubai LTD sold 31,000,000 shares, generating $1,797,907,000 in total proceeds. Upon selling the shares at $58.00, the 10% Owner now owns 58,341,545 shares.
Before that, Smith Bryan Everard sold 2,064 shares. Nasdaq Inc shares valued at $116,183 were divested by the Executive Vice President at a price of $56.29 per share. As a result of the transaction, Smith Bryan Everard now holds 63,528 shares, worth roughly $3.94 million.
Edward Jones initiated its Nasdaq Inc [NDAQ] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Morgan Stanley revised its rating on April 11, 2023. It rated NDAQ as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of NDAQ
On Friday, Nasdaq Inc [NASDAQ:NDAQ] saw its stock jump 1.60% to $62.04. Over the last five days, the stock has lost -1.68%. Nasdaq Inc shares have risen nearly 6.71% since the year began. Nevertheless, the stocks have risen 13.42% over the past one year. While a 52-week high of $63.52 was reached on 03/28/24, a 52-week low of $46.88 was recorded on 02/20/24. SMA at 50 days reached $58.55, while 200 days put it at $53.75. A total of 1.93 million shares were traded, compared to the trading of 2.09 million shares in the previous session.
Levels Of Support And Resistance For NDAQ Stock
The 24-hour chart illustrates a support level at 61.29, which if violated will result in even more drops to 60.53. On the upside, there is a resistance level at 62.43. A further resistance level may holdings at 62.81. The Relative Strength Index (RSI) on the 14-day chart is 59.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.85%. Stochastics %K at 61.00% indicates the stock is a holding.
How much short interest is there in Nasdaq Inc?
A steep rise in short interest was recorded in Nasdaq Inc stocks on Mar 15, 2024, dropping by -1.77 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.22 million shares. There was a decline of -51.3%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.21.
