NiSource Inc’s recently made public that its VP & Chief Accounting Officer Gode Gunnar unloaded Company’s shares for reported $25133.0 on Mar 15 ’24. In the deal valued at $26.46 per share,950 shares were sold. As a result of this transaction, Gode Gunnar now holds 28,526 shares worth roughly $0.78 million.
Then, Brown Donald Eugene sold 37,490 shares, generating $1,003,982 in total proceeds. Upon selling the shares at $26.78, the EVP & Chief Innovation Officer now owns 195,855 shares.
Before that, Berman Melanie B. sold 11,141 shares. NiSource Inc shares valued at $296,963 were divested by the SVP & CHRO at a price of $26.66 per share. As a result of the transaction, Berman Melanie B. now holds 23,720 shares, worth roughly $0.65 million.
Barclays initiated its NiSource Inc [NI] rating to an Overweight in a research note published on January 22, 2024; the price target was $28. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. UBS also remained covering NI and has increased its forecast on June 06, 2023 with a “Buy” recommendation from previously “Neutral” rating. Credit Suisse revised its rating on November 09, 2022. It rated NI as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of NI
On Monday, NiSource Inc [NYSE:NI] saw its stock jump 0.96% to $27.45. Over the last five days, the stock has lost -0.11%. NiSource Inc shares have risen nearly 3.39% since the year began. Nevertheless, the stocks have fallen -4.32% over the past one year. While a 52-week high of $28.95 was reached on 04/02/24, a 52-week low of $22.86 was recorded on 02/13/24. SMA at 50 days reached $26.39, while 200 days put it at $26.40. A total of 2.42 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For NI Stock
The 24-hour chart illustrates a support level at 27.24, which if violated will result in even more drops to 27.04. On the upside, there is a resistance level at 27.61. A further resistance level may holdings at 27.78. The Relative Strength Index (RSI) on the 14-day chart is 61.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.32%. Stochastics %K at 63.59% indicates the stock is a holding.
How much short interest is there in NiSource Inc?
A steep rise in short interest was recorded in NiSource Inc stocks on Mar 15, 2024, growing by 0.45 million shares to a total of 5.84 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.39 million shares. There was a rise of 7.71%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.07.
