Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Northwest Bancshares Inc shares valued at $192,442 were purchased by HARVEY WILLIAM W on Jul 26 ’24. At $14.14 per share, HARVEY WILLIAM W acquired 13,614 shares.
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Also, HARVEY WILLIAM W sold 13,614 shares, netting a total of over 192,999 in proceeds. Following the sale of shares at $14.18 each, the insider now holds 208,302 shares.
Before that, Schosser Douglas M had added 7,000 shares to its account. In a trade valued at $99,338, the Chief Financial Officer bought Northwest Bancshares Inc shares for $14.19 each. Upon closing the transaction, the insider’s holdings increased to 7,000 shares, worth approximately $0.6 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 drop of approximately -5.50%. Over the course of the year, Northwest Bancshares Inc shares have jumped approximately 3.21%. Shares of the company reached a 52-week high of $14.55 on 07/26/24 and a 52-week low of $10.45 on 05/01/24. A 50-day SMA is recorded $11.98, while a 200-day SMA reached $11.62. Nevertheless, trading volume fell to 0.53 million shares from 0.44 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 12.74, which, if violated, would cause prices to drop to 12.59. In the upper region, resistance lies at 12.95. The next price resistance is at 13.02. RSI (Relative Strength Index) is 50.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 76.96%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
