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An Analysis of Northrop Grumman Corp. (NOC)’s Potential Price Growth

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 $0.28 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 $0.71 million.

BTIG Research initiated its Northrop Grumman Corp. [NOC] rating to a Buy in a research note published on June 26, 2024; the price target was $565. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in late June from “an Outperform” to “a Mkt perform”. Alembic Global Advisors also remained covering NOC and has increased its forecast on April 22, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on January 16, 2024. It rated NOC as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of NOC

On Tuesday, Northrop Grumman Corp. [NYSE:NOC] saw its stock fall -1.52% to $423.73. Over the last five days, the stock has lost -2.59%. Northrop Grumman Corp. shares have fallen nearly -9.49% since the year began. Nevertheless, the stocks have fallen -6.35% 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 $452.02, while 200 days put it at $460.11. A total of 0.9 million shares were traded, compared to the trading of 0.73 million shares in the previous session.

Levels Of Support And Resistance For NOC Stock

The 24-hour chart illustrates a support level at 421.48, which if violated will result in even more drops to 419.22. On the upside, there is a resistance level at 428.19. A further resistance level may holdings at 432.64. The Relative Strength Index (RSI) on the 14-day chart is 33.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.70%. Stochastics%K at 39.32% indicates the stock is a holding.

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