Northwest Bancshares Inc’s recently made public that its President & CEO Torchio Louis J acquired Company’s shares for reported $24945.0 on May 02 ’24. In the deal valued at $10.87 per share,2,295 shares were bought. As a result of this transaction, Torchio Louis J now holds 89,620 shares worth roughly $0.99 million.
Then, Barnum Carey A. sold 519 shares, generating $5,629 in total proceeds. Upon selling the shares at $10.85, the SVP, Chief Auditor now owns 4,004 shares.
Before that, Watson Scott J bought 5,000 shares. Northwest Bancshares Inc shares valued at $64,512 were divested by the EVP, Chief Information Officer at a price of $12.90 per share. As a result of the transaction, Watson Scott J now holds 35,282 shares, worth roughly $0.39 million.
Janney initiated its Northwest Bancshares Inc [NWBI] rating to a Neutral in a research note published on September 29, 2022; the price target was $15. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early May from “a Neutral” to “an Underweight”. B. Riley Securities revised its rating on July 27, 2021. It rated NWBI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NWBI
On Friday, Northwest Bancshares Inc [NASDAQ:NWBI] saw its stock jump 1.28% to $11.07. Over the last five days, the stock has gained 2.31%. Northwest Bancshares Inc shares have fallen nearly -11.30% since the year began. Nevertheless, the stocks have risen 4.24% over the past one year. While a 52-week high of $13.07 was reached on 01/25/24, a 52-week low of $9.80 was recorded on 05/01/24. SMA at 50 days reached $11.16, while 200 days put it at $11.35. A total of 0.64 million shares were traded, compared to the trading of 0.74 million shares in the previous session.
Levels Of Support And Resistance For NWBI Stock
The 24-hour chart illustrates a support level at 10.97, which if violated will result in even more drops to 10.87. On the upside, there is a resistance level at 11.16. A further resistance level may holdings at 11.26. The Relative Strength Index (RSI) on the 14-day chart is 52.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.46%. Stochastics %K at 54.32% indicates the stock is a holding.
