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Northern Trust Corp. [NTRS] stock for 338,248 USD was sold by FRADKIN STEVEN L

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Northern Trust Corp. shares valued at $338,248 were sold by FRADKIN STEVEN L on May 01 ’24. At $82.56 per share, FRADKIN STEVEN L sold 4,097 shares. The insider’s holdings dropped to 46,078 shares worth approximately $3.98 million following the completion of this transaction.

Also, FRADKIN STEVEN L sold 30,392 shares, netting a total of over 2,434,703 in proceeds. Following the sale of shares at $80.11 each, the insider now holds 55,707 shares.

Before that, Tyler Jason J. had added 400 shares to its account. In a trade valued at $25,076, the EVP & Chief Financial Officer bought Northern Trust Corp. shares for $62.69 each. Upon closing the transaction, the insider’s holdings increased to 400 shares, worth approximately $3.59 million.

As published in a research note from Morgan Stanley on January 30, 2024, Northern Trust Corp. [NTRS] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $86 from $82. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 03, 2024, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for NTRS. Earlier on October 18, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for NTRS stock which previously was a “an Overweight”.

Analyzing NTRS Stock Performance

During the last five days, there has been a surge of approximately 0.97%. Over the course of the year, Northern Trust Corp. shares have jumped approximately 2.45%. Shares of the company reached a 52-week high of $89.25 on 03/28/24 and a 52-week low of $76.67 on 02/13/24. A 50-day SMA is recorded $84.38, while a 200-day SMA reached $78.46. Nevertheless, trading volume fell to 1.04 million shares from 0.84 million shares the previous day.

Support And Resistance Levels for Northern Trust Corp. (NTRS)

According to the 24-hour chart, there is a support level at 85.86, which, if violated, would cause prices to drop to 85.28. In the upper region, resistance lies at 87.16. The next price resistance is at 87.87. RSI (Relative Strength Index) is 59.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.36, which suggests the price will increase in the coming days. Percent R is at 19.38%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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