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Examining the Potential Price Growth of Northrop Grumman Corp. (NOC)

In a filing, Northrop Grumman Corp. revealed its CVP & Pres, Mission Systems Caylor Mark A unloaded Company’s shares for reported $0.38 million on Feb 21 ’24. In the deal valued at $454.68 per share,825 shares were sold. As a result of this transaction, Caylor Mark A now holds 16,432 shares worth roughly $7.99 million.

Then, Simpson Kathryn G sold 356 shares, generating $161,866 in total proceeds. Upon selling the shares at $454.68, the Corp VP & General Counsel now owns 1,668 shares.

Before that, Hardesty Michael A sold 210 shares. Northrop Grumman Corp. shares valued at $95,483 were divested by the Corp VP, Controller & CAO at a price of $454.68 per share. As a result of the transaction, Hardesty Michael A now holds 3,127 shares, worth roughly $1.52 million.

Alembic Global Advisors upgraded its Northrop Grumman Corp. [NOC] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Neutral”. Deutsche Bank also remained covering NOC and has decreased its forecast on December 15, 2023 with a “Hold” recommendation from previously “Buy” rating. Wolfe Research revised its rating on December 14, 2023. It rated NOC as “an Underperform” which previously was an “a Peer perform”.

Price Performance Review of NOC

On Monday, Northrop Grumman Corp. [NYSE:NOC] saw its stock jump 1.20% to $486.22. Over the last five days, the stock has gained 3.24%. Northrop Grumman Corp. shares have risen nearly 3.86% since the year began. Nevertheless, the stocks have risen 6.24% over the past one year. While a 52-week high of $496.89 was reached on 04/25/24, a 52-week low of $414.56 was recorded on 01/25/24. SMA at 50 days reached $462.74, while 200 days put it at $456.86. A total of 0.75 million shares were traded, compared to the trading of 1.37 million shares in the previous session.

Levels Of Support And Resistance For NOC Stock

The 24-hour chart illustrates a support level at 482.55, which if violated will result in even more drops to 478.88. On the upside, there is a resistance level at 488.08. A further resistance level may holdings at 489.95. The Relative Strength Index (RSI) on the 14-day chart is 67.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.87%. Stochastics %K at 87.18% indicates the stock is a selling.

The most recent change occurred on October 11, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $555 price target.

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