Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nasdaq Inc shares valued at $2,764,295,688 were sold by Argus Seller, LP on Jul 29 ’24. At $64.58 per share, Argus Seller, LP sold 42,804,207 shares. The insider’s holdings dropped to 42,804,207 shares worth approximately $2.88 billion following the completion of this transaction.
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Also, Smith Bryan Everard sold 3,036 shares, netting a total of over 181,826 in proceeds. Following the sale of shares at $59.89 each, the insider now holds 58,636 shares.
Before that, Smith Bryan Everard had sold 7,400 shares from its account. In a trade valued at $465,534, the Executive Vice President traded Nasdaq Inc shares for $62.91 each. Upon closing the transaction, the insider’s holdings decreased to 7,400 shares, worth approximately $4.15 million.
As published in a research note from Rosenblatt on May 08, 2024, Nasdaq Inc [NDAQ] has been rated down from a Buy to a Neutral and the price target has been revised to $64 from $76. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid April. As of April 09, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for NDAQ. Earlier on April 03, 2024, Edward Jones initiated its rating. Their recommendation was “a Buy” for NDAQ stock.
Analyzing NDAQ Stock Performance
During the last five days, there has been a surge of approximately 0.09%. Over the course of the year, Nasdaq Inc shares have jumped approximately 15.79%. Shares of the company reached a 52-week high of $70.01 on 07/30/24 and a 52-week low of $54.90 on 02/20/24. A 50-day SMA is recorded $61.47, while a 200-day SMA reached $58.17. Nevertheless, trading volume fell to 3.89 million shares from 6.39 million shares the previous day.
Support And Resistance Levels for Nasdaq Inc (NDAQ)
According to the 24-hour chart, there is a support level at 66.72, which, if violated, would cause prices to drop to 66.11. In the upper region, resistance lies at 68.23. The next price resistance is at 69.13. RSI (Relative Strength Index) is 68.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.05, which suggests the price will increase in the coming days. Percent R is at 34.49%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
