Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.29 million following the completion of this transaction.
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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 $0.73 million.
As published in their initiating research note from BTIG Research on June 26, 2024, Northrop Grumman Corp. [NOC] has been a Buy and the price target has been revised to $565. Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late June. As of April 22, 2024, Alembic Global Advisors has increased its “Neutral” rating to a “an Overweight” for NOC. Earlier on January 16, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for NOC stock which previously was a “an Outperform”.
Analyzing NOC Stock Performance
During the last five days, there has been a surge of approximately 0.10%. Over the course of the year, Northrop Grumman Corp. shares have dropped approximately -7.10%. Shares of the company reached a 52-week high of $490.60 on 04/25/24 and a 52-week low of $418.60 on 06/14/24. A 50-day SMA is recorded $456.85, while a 200-day SMA reached $460.10. Nevertheless, trading volume fell to 0.96 million shares from 0.78 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 432.07, which, if violated, would cause prices to drop to 429.22. In the upper region, resistance lies at 437.68. The next price resistance is at 440.44. RSI (Relative Strength Index) is 43.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.05, which suggests the price will increase in the coming days. Percent R is at 40.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
