The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Nasdaq Inc shares valued at $465,534 were sold by Smith Bryan Everard on Apr 01 ’24. At $62.91 per share, Smith Bryan Everard sold 7,400 shares. The insider’s holdings dropped to 61,672 shares worth approximately $3.89 million following the completion of this transaction.
Also, Borse Dubai LTD sold 31,000,000 shares, netting a total of over 1,797,907,000 in proceeds. Following the sale of shares at $58.00 each, the insider now holds 58,341,545 shares.
Before that, Smith Bryan Everard had sold 2,064 shares from its account. In a trade valued at $116,183, the Executive Vice President traded Nasdaq Inc shares for $56.29 each. Upon closing the transaction, the insider’s holdings decreased to 2,064 shares, worth approximately $4.0 million.
As published in a research note from Morgan Stanley on April 09, 2024, Nasdaq Inc [NDAQ] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $80 from $59. Analysts at Edward Jones started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of March 26, 2024, Goldman has increased its “Neutral” rating to a “Buy” for NDAQ.
Analyzing NDAQ Stock Performance
During the last five days, there has been a surge of approximately 2.32%. Over the course of the year, Nasdaq Inc shares have jumped approximately 8.38%. Shares of the company reached a 52-week high of $64.25 on 04/09/24 and a 52-week low of $54.90 on 02/20/24. A 50-day SMA is recorded $58.82, while a 200-day SMA reached $53.94. Nevertheless, trading volume fell to 2.65 million shares from 4.49 million shares the previous day.
Support And Resistance Levels for Nasdaq Inc (NDAQ)
According to the 24-hour chart, there is a support level at 62.29, which, if violated, would cause prices to drop to 61.56. In the upper region, resistance lies at 63.67. The next price resistance is at 64.32. RSI (Relative Strength Index) is 62.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 36.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Nasdaq Inc subject to short interest?
Stocks of Nasdaq Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.77 million shares to 3.45 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.22 million shares. A decline of -51.3% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.21 of the overall float, the days-to-cover ratio (short ratio) decline to 1.21.
