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. Nasdaq Inc shares valued at $181,826 were sold by Smith Bryan Everard on May 01 ’24. At $59.89 per share, Smith Bryan Everard sold 3,036 shares. The insider’s holdings dropped to 58,636 shares worth approximately $3.51 million following the completion of this transaction.
Also, Smith Bryan Everard sold 7,400 shares, netting a total of over 465,534 in proceeds. Following the sale of shares at $62.91 each, the insider now holds 61,672 shares.
Before that, Borse Dubai LTD had sold 31,000,000 shares from its account. In a trade valued at $1,797,907,000, the 10% Owner traded Nasdaq Inc shares for $58.00 each. Upon closing the transaction, the insider’s holdings decreased to 31,000,000 shares, worth approximately $3.5 billion.
As published in a research note from Rosenblatt on May 08, 2024, Nasdaq Inc [NDAQ] has been rated down from a Buy to a Neutral and the price target has been revised to $64 from $76. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid April. As of April 09, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for NDAQ. Earlier on April 03, 2024, Edward Jones initiated its rating. Their recommendation was “a Buy” for NDAQ stock.
Analyzing NDAQ Stock Performance
During the last five days, there has been a surge of approximately 0.05%. Over the course of the year, Nasdaq Inc shares have jumped approximately 3.04%. 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 $60.47, while a 200-day SMA reached $55.00. Nevertheless, trading volume fell to 2.58 million shares from 2.58 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 59.35, which, if violated, would cause prices to drop to 58.80. In the upper region, resistance lies at 60.47. The next price resistance is at 61.04. RSI (Relative Strength Index) is 44.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 56.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
