Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NiSource Inc shares valued at $225,578 were purchased by Birmingham Melody on Aug 13 ’24. At $31.55 per share, Birmingham Melody acquired 7,151 shares.
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Also, Berman Melanie B. sold 3,742 shares, netting a total of over 104,638 in proceeds. Following the sale of shares at $27.96 each, the insider now holds 19,978 shares.
Before that, Gode Gunnar had sold 950 shares from its account. In a trade valued at $25,133, the VP & Chief Accounting Officer traded NiSource Inc shares for $26.46 each. Upon closing the transaction, the insider’s holdings decreased to 950 shares, worth approximately $0.91 million.
As published in their initiating research note from Mizuho on July 11, 2024, NiSource Inc [NI] has been an Outperform and the price target has been revised to $33. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late January. As of October 06, 2023, Ladenburg Thalmann has initiated its “Buy” rating for NI. Earlier on June 06, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for NI stock which previously was a “a Neutral”.
Analyzing NI Stock Performance
During the last five days, there has been a surge of approximately 2.38%. Over the course of the year, NiSource Inc shares have jumped approximately 19.92%. Shares of the company reached a 52-week high of $32.38 on 08/02/24 and a 52-week low of $24.80 on 02/13/24. A 50-day SMA is recorded $29.76, while a 200-day SMA reached $27.49. Nevertheless, trading volume fell to 2.75 million shares from 3.0 million shares the previous day.
Support And Resistance Levels for NiSource Inc (NI)
According to the 24-hour chart, there is a support level at 31.58, which, if violated, would cause prices to drop to 31.32. In the upper region, resistance lies at 32.03. The next price resistance is at 32.23. RSI (Relative Strength Index) is 66.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 29.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
