Northrop Grumman Corp.’s recently made public that its CVP & Pres. Defense Systems ROEDER ROSHAN S unloaded Company’s shares for reported $0.43 million on May 20 ’24. In the deal valued at $471.90 per share,910 shares were sold. As a result of this transaction, ROEDER ROSHAN S now holds 666 shares worth roughly $0.29 million.
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Then, Caylor Mark A sold 825 shares, generating $375,111 in total proceeds. Upon selling the shares at $454.68, the CVP & Pres, Mission Systems now owns 16,432 shares.
Before that, Simpson Kathryn G sold 356 shares. Northrop Grumman Corp. shares valued at $161,866 were divested by the Corp VP & General Counsel at a price of $454.68 per share. As a result of the transaction, Simpson Kathryn G now holds 1,668 shares, worth roughly $0.72 million.
Alembic Global Advisors upgraded its Northrop Grumman Corp. [NOC] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Neutral”. Deutsche Bank also remained covering NOC and has decreased its forecast on December 15, 2023 with a “Hold” recommendation from previously “Buy” rating. Wolfe Research revised its rating on December 14, 2023. It rated NOC as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of NOC
On Monday, Northrop Grumman Corp. [NYSE:NOC] saw its stock jump 1.34% to $429.78. Over the last five days, the stock has lost -1.37%. Northrop Grumman Corp. shares have fallen nearly -8.19% since the year began. Nevertheless, the stocks have fallen -5.10% over the past one year. While a 52-week high of $496.89 was reached on 04/25/24, a 52-week low of $414.56 was recorded on 06/14/24. SMA at 50 days reached $460.18, while 200 days put it at $460.02. A total of 0.97 million shares were traded, compared to the trading of 1.09 million shares in the previous session.
Levels Of Support And Resistance For NOC Stock
The 24-hour chart illustrates a support level at 424.30, which if violated will result in even more drops to 418.82. On the upside, there is a resistance level at 433.15. A further resistance level may holdings at 436.52. The Relative Strength Index (RSI) on the 14-day chart is 31.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.20%. Stochastics %K at 16.77% indicates the stock is a buying.
The most recent change occurred on October 11, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $555 price target.
