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CHRO & SVP Administration Berman Melanie B. sold 3,742 shares of NiSource Inc [NI]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NiSource Inc shares valued at $104,638 were sold by Berman Melanie B. on May 30 ’24. At $27.96 per share, Berman Melanie B. sold 3,742 shares. The insider’s holdings dropped to 19,978 shares worth approximately $0.57 million following the completion of this transaction.

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Also, Gode Gunnar sold 950 shares, netting a total of over 25,133 in proceeds. Following the sale of shares at $26.46 each, the insider now holds 28,526 shares.

Before that, Brown Donald Eugene had sold 37,490 shares from its account. In a trade valued at $1,003,982, the EVP & Chief Innovation Officer traded NiSource Inc shares for $26.78 each. Upon closing the transaction, the insider’s holdings decreased to 37,490 shares, worth approximately $5.55 million.

As published in their initiating research note from Barclays on January 22, 2024, NiSource Inc [NI] has been an Overweight and the price target has been revised to $28. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of June 06, 2023, UBS has increased its “Neutral” rating to a “Buy” for NI. Earlier on November 09, 2022, Credit Suisse upgraded its rating. Their new recommendation was “an Outperform” for NI stock which previously was a “a Neutral”.

Analyzing NI Stock Performance

During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, NiSource Inc shares have jumped approximately 6.74%. Shares of the company reached a 52-week high of $29.44 on 05/21/24 and a 52-week low of $24.80 on 02/13/24. A 50-day SMA is recorded $28.25, while a 200-day SMA reached $26.67. Nevertheless, trading volume fell to 3.55 million shares from 4.22 million shares the previous day.

Support And Resistance Levels for NiSource Inc (NI)

According to the 24-hour chart, there is a support level at 28.10, which, if violated, would cause prices to drop to 27.85. In the upper region, resistance lies at 28.57. The next price resistance is at 28.79. RSI (Relative Strength Index) is 49.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 63.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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