Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Northrop Grumman Corp. shares valued at $375,111 were sold by Caylor Mark A on Feb 21 ’24. At $454.68 per share, Caylor Mark A sold 825 shares. The insider’s holdings dropped to 16,432 shares worth approximately $7.44 million following the completion of this transaction.
Also, Simpson Kathryn G sold 356 shares, netting a total of over 161,866 in proceeds. Following the sale of shares at $454.68 each, the insider now holds 1,668 shares.
Before that, Hardesty Michael A had sold 210 shares from its account. In a trade valued at $95,483, the Corp VP, Controller & CAO traded Northrop Grumman Corp. shares for $454.68 each. Upon closing the transaction, the insider’s holdings decreased to 210 shares, worth approximately $1.41 million.
As published in a research note from Robert W. Baird on January 16, 2024, Northrop Grumman Corp. [NOC] has been rated down from an Outperform to a Neutral and the price target has been revised to $505. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid December. As of December 14, 2023, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for NOC. Earlier on October 11, 2023, UBS initiated its rating. Their recommendation was “a Buy” for NOC stock.
Analyzing NOC Stock Performance
During the last five days, there has been a drop of approximately -1.16%. Over the course of the year, Northrop Grumman Corp. shares have dropped approximately -3.34%. Shares of the company reached a 52-week high of $483.83 on 01/03/24 and a 52-week low of $426.00 on 01/25/24. A 50-day SMA is recorded $459.08, while a 200-day SMA reached $456.13. Nevertheless, trading volume fell to 0.84 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Northrop Grumman Corp. (NOC)
According to the 24-hour chart, there is a support level at 449.35, which, if violated, would cause prices to drop to 446.21. In the upper region, resistance lies at 456.17. The next price resistance is at 459.85. RSI (Relative Strength Index) is 41.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.35, which suggests the price will decrease in the coming days. Percent R is at 80.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
