Northern Trust Corp.’s recent filing unveils that its President/Asset Servicing Cherecwich Peter unloaded Company’s shares for reported $1.05 million on May 15 ’24. In the deal valued at $87.09 per share,12,000 shares were sold. As a result of this transaction, Cherecwich Peter now holds 31,471 shares worth roughly $2.62 million.
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Then, FRADKIN STEVEN L sold 4,097 shares, generating $338,248 in total proceeds. Upon selling the shares at $82.56, the President/Wealth Management now owns 46,078 shares.
Before that, FRADKIN STEVEN L sold 30,392 shares. Northern Trust Corp. shares valued at $2,434,703 were divested by the President/Wealth Management at a price of $80.11 per share. As a result of the transaction, FRADKIN STEVEN L now holds 55,707 shares, worth roughly $4.64 million.
Morgan Stanley downgraded its Northern Trust Corp. [NTRS] rating to an Underweight from a an Equal-weight in a research note published on January 30, 2024; the price target was increased to $86 from $82. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Wolfe Research also remained covering NTRS and has decreased its forecast on January 03, 2024 with a “an Underperform” recommendation from previously “Peer perform” rating. Wells Fargo revised its rating on October 18, 2023. It rated NTRS as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of NTRS
On Friday, Northern Trust Corp. [NASDAQ:NTRS] saw its stock jump 0.54% to $83.31. Over the last five days, the stock has lost -2.57%. Northern Trust Corp. shares have fallen nearly -1.27% since the year began. Nevertheless, the stocks have risen 16.76% over the past one year. While a 52-week high of $89.25 was reached on 03/28/24, a 52-week low of $62.44 was recorded on 02/13/24. SMA at 50 days reached $84.79, while 200 days put it at $78.61. A total of 0.55 million shares were traded, compared to the trading of 1.02 million shares in the previous session.
Levels Of Support And Resistance For NTRS Stock
The 24-hour chart illustrates a support level at 82.98, which if violated will result in even more drops to 82.64. On the upside, there is a resistance level at 83.63. A further resistance level may holdings at 83.94. The Relative Strength Index (RSI) on the 14-day chart is 43.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.70%. Stochastics %K at 11.43% indicates the stock is a buying.
