Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $3.7 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 $3.81 million.
As published in their initiating research note from Barclays on April 11, 2024, Nasdaq Inc [NDAQ] has been an Overweight and the price target has been revised to $76. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early April. As of April 03, 2024, Edward Jones has initiated its “Buy” rating for NDAQ. Earlier on March 26, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for NDAQ stock which previously was a “a Neutral”.
Analyzing NDAQ Stock Performance
During the last five days, there has been a drop of approximately -4.76%. Over the course of the year, Nasdaq Inc shares have jumped approximately 3.22%. 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 $59.20, while a 200-day SMA reached $54.22. Nevertheless, trading volume fell to 2.82 million shares from 2.83 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 59.71, which, if violated, would cause prices to drop to 59.40. In the upper region, resistance lies at 60.52. The next price resistance is at 61.02. RSI (Relative Strength Index) is 44.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.70, which suggests the price will decrease in the coming days. Percent R is at 93.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
