Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Northern Trust Corp. shares valued at $494,525 were sold by Parker Teresa on Aug 09 ’24. At $84.06 per share, Parker Teresa sold 5,883 shares. The insider’s holdings dropped to 83,765 shares worth approximately $7.1 million following the completion of this transaction.
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Also, Teresa A. Parker purchased 5,883 shares, netting a total of over 494,172 in proceeds.
Before that, Cherecwich Peter had sold 12,000 shares from its account. In a trade valued at $1,045,080, the President/Asset Servicing traded Northern Trust Corp. shares for $87.09 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $2.67 million.
As published in a research note from Morgan Stanley on January 30, 2024, Northern Trust Corp. [NTRS] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $86 from $82. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 03, 2024, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for NTRS. Earlier on October 18, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for NTRS stock which previously was a “an Overweight”.
Analyzing NTRS Stock Performance
During the last five days, there has been a surge of approximately 2.25%. Over the course of the year, Northern Trust Corp. shares have jumped approximately 0.51%. Shares of the company reached a 52-week high of $92.46 on 07/17/24 and a 52-week low of $76.67 on 02/13/24. A 50-day SMA is recorded $84.64, while a 200-day SMA reached $82.17. Nevertheless, trading volume fell to 0.97 million shares from 1.21 million shares the previous day.
Support And Resistance Levels for Northern Trust Corp. (NTRS)
According to the 24-hour chart, there is a support level at 83.75, which, if violated, would cause prices to drop to 82.70. In the upper region, resistance lies at 85.57. The next price resistance is at 86.34. RSI (Relative Strength Index) is 49.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.69, which suggests the price will decrease in the coming days. Percent R is at 56.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
