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SVP, Chief Auditor Barnum Carey A. sale 78 shares of Northwest Bancshares Inc [NWBI]

CHWY Stock

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Northwest Bancshares Inc shares valued at $832 were sold by Barnum Carey A. on Jun 10 ’24. At $10.67 per share, Barnum Carey A. sold 78 shares. The insider’s holdings dropped to 3,506 shares worth approximately $39337.32 following the completion of this transaction.

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Also, Barnum Carey A. sold 199 shares, netting a total of over 2,159 in proceeds. Following the sale of shares at $10.85 each, the insider now holds 3,648 shares.

Before that, Cygnar Devin T had sold 186 shares from its account. In a trade valued at $2,003, the EVP, Chief Mktg/Comm. Officer traded Northwest Bancshares Inc shares for $10.77 each. Upon closing the transaction, the insider’s holdings decreased to 186 shares, worth approximately $0.13 million.

As published in their initiating research note from Janney on September 29, 2022, Northwest Bancshares Inc [NWBI] has been a Neutral and the price target has been revised to $15. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early May. Earlier on July 27, 2021, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for NWBI stock which previously was a “a Buy”.

Analyzing NWBI Stock Performance

During the last five days, there has been a surge of approximately 1.36%. Over the course of the year, Northwest Bancshares Inc shares have dropped approximately -10.10%. Shares of the company reached a 52-week high of $13.07 on 01/25/24 and a 52-week low of $10.45 on 05/01/24. A 50-day SMA is recorded $11.02, while a 200-day SMA reached $11.27. Nevertheless, trading volume fell to 0.38 million shares from 0.51 million shares the previous day.

Support And Resistance Levels for Northwest Bancshares Inc (NWBI)

According to the 24-hour chart, there is a support level at 11.33, which, if violated, would cause prices to drop to 11.25. In the upper region, resistance lies at 11.54. The next price resistance is at 11.67. RSI (Relative Strength Index) is 54.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 21.95%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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