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. Northwest Bancshares Inc shares valued at $5,629 were sold by Barnum Carey A. on Apr 25 ’24. At $10.85 per share, Barnum Carey A. sold 519 shares. The insider’s holdings dropped to 4,004 shares worth approximately $42722.68 following the completion of this transaction.
Also, Watson Scott J purchased 5,000 shares, netting a total of over 64,512 in proceeds. Following the buying of shares at $12.90 each, the insider now holds 35,282 shares.
Before that, Fannin Timothy B had sold 6,110 shares from its account. In a trade valued at $74,175, the Director traded Northwest Bancshares Inc shares for $12.14 each. Upon closing the transaction, the insider’s holdings decreased to 6,110 shares, worth approximately $0.24 million.
As published in their initiating research note from Janney on September 29, 2022, Northwest Bancshares Inc [NWBI] has been a Neutral and the price target has been revised to $15. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early May. Earlier on July 27, 2021, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for NWBI stock which previously was a “a Buy”.
Analyzing NWBI Stock Performance
During the last five days, there has been a drop of approximately -2.47%. Over the course of the year, Northwest Bancshares Inc shares have dropped approximately -14.50%. Shares of the company reached a 52-week high of $13.07 on 01/25/24 and a 52-week low of $10.45 on 05/01/24. A 50-day SMA is recorded $11.18, while a 200-day SMA reached $11.36. Nevertheless, trading volume fell to 0.74 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for Northwest Bancshares Inc (NWBI)
According to the 24-hour chart, there is a support level at 10.48, which, if violated, would cause prices to drop to 10.28. In the upper region, resistance lies at 10.84. The next price resistance is at 11.00. RSI (Relative Strength Index) is 39.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 72.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
