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. Northrop Grumman Corp. shares valued at $429,429 were sold by ROEDER ROSHAN S on May 20 ’24. At $471.90 per share, ROEDER ROSHAN S sold 910 shares. The insider’s holdings dropped to 666 shares worth approximately $0.31 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Caylor Mark A sold 825 shares, netting a total of over 375,111 in proceeds. Following the sale of shares at $454.68 each, the insider now holds 16,432 shares.
Before that, Simpson Kathryn G had sold 356 shares from its account. In a trade valued at $161,866, the Corp VP & General Counsel traded Northrop Grumman Corp. shares for $454.68 each. Upon closing the transaction, the insider’s holdings decreased to 356 shares, worth approximately $0.78 million.
As published in a research note from Alembic Global Advisors on April 22, 2024, Northrop Grumman Corp. [NOC] has been rated up from a Neutral to an Overweight and the price target has been revised to $532. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of December 15, 2023, Deutsche Bank has decreased its “Buy” rating to a “Hold” for NOC. Earlier on December 14, 2023, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for NOC stock which previously was a “a Peer perform”.
Analyzing NOC Stock Performance
During the last five days, there has been a drop of approximately -0.74%. Over the course of the year, Northrop Grumman Corp. shares have dropped approximately -0.20%. Shares of the company reached a 52-week high of $490.60 on 04/25/24 and a 52-week low of $426.00 on 01/25/24. A 50-day SMA is recorded $468.24, while a 200-day SMA reached $459.22. Nevertheless, trading volume fell to 0.77 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for Northrop Grumman Corp. (NOC)
According to the 24-hour chart, there is a support level at 463.95, which, if violated, would cause prices to drop to 460.69. In the upper region, resistance lies at 472.76. The next price resistance is at 478.31. RSI (Relative Strength Index) is 45.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 93.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
