Northern Oil and Gas Inc.’s recent filing unveils that its President Dirlam Adam A. unloaded Company’s shares for reported $57058.0 on May 01 ’24. In the deal valued at $40.99 per share,1,392 shares were sold. As a result of this transaction, Dirlam Adam A. now holds 110,412 shares worth roughly $4.3 million.
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Then, Dirlam Adam A. sold 204 shares, generating $8,362 in total proceeds. Upon selling the shares at $40.99, the President now owns 18,135 shares.
Before that, Evans James B. sold 3,150 shares. Northern Oil and Gas Inc. shares valued at $132,300 were divested by the Chief Technical Officer at a price of $42.00 per share. As a result of the transaction, Evans James B. now holds 73,753 shares, worth roughly $2.87 million.
Morgan Stanley initiated its Northern Oil and Gas Inc. [NOG] rating to an Equal-weight in a research note published on January 05, 2024; the price target was $40. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “an Underperform”. Johnson Rice also remained covering NOG and has decreased its forecast on December 14, 2023 with a “Accumulate” recommendation from previously “Buy” rating. Piper Sandler revised its rating on August 14, 2023. It rated NOG as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of NOG
On Monday, Northern Oil and Gas Inc. [NYSE:NOG] saw its stock fall -4.81% to $38.96. Over the last five days, the stock has lost -1.49%. Northern Oil and Gas Inc. shares have risen nearly 5.10% since the year began. Nevertheless, the stocks have risen 30.17% over the past one year. While a 52-week high of $43.75 was reached on 04/30/24, a 52-week low of $29.57 was recorded on 02/05/24. SMA at 50 days reached $40.89, while 200 days put it at $38.30. A total of 1.51 million shares were traded, compared to the trading of 0.95 million shares in the previous session.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 38.23, which if violated will result in even more drops to 37.50. On the upside, there is a resistance level at 40.30. A further resistance level may holdings at 41.64. The Relative Strength Index (RSI) on the 14-day chart is 41.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.47%. Stochastics %K at 41.10% indicates the stock is a holding.
