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Recent Insider Activity Could Benefit National Fuel Gas Co. (NFG)

National Fuel Gas Co.’s recent filing unveils that its Chief Operating Officer KRAEMER RONALD C unloaded Company’s shares for reported $0.45 million on Aug 14 ’24. In the deal valued at $58.75 per share,7,639 shares were sold. As a result of this transaction, KRAEMER RONALD C now holds 38,428 shares worth roughly $2.27 million.

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Then, KRAEMER RONALD C bought 7,639 shares, generating $452,229 in total proceeds.

Before that, Reville Michael W sold 6,357 shares. National Fuel Gas Co. shares valued at $348,548 were divested by the General Counsel and Secretary at a price of $54.83 per share. As a result of the transaction, Reville Michael W now holds 9,903 shares, worth roughly $0.58 million.

Scotiabank upgraded its National Fuel Gas Co. [NFG] rating to a Sector outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Mkt perform”. Scotiabank also remained covering NFG and has decreased its forecast on January 17, 2023 with a “Sector perform” recommendation from previously “Sector outperform” rating.

Price Performance Review of NFG

On Friday, National Fuel Gas Co. [NYSE:NFG] saw its stock jump 0.29% to $59.07. Over the last five days, the stock has lost -0.22%. National Fuel Gas Co. shares have risen nearly 17.74% since the year began. Nevertheless, the stocks have risen 10.45% over the past one year. While a 52-week high of $59.62 was reached on 08/12/24, a 52-week low of $45.32 was recorded on 02/08/24. SMA at 50 days reached $56.62, while 200 days put it at $52.81.

Levels Of Support And Resistance For NFG Stock

The 24-hour chart illustrates a support level at 58.57, which if violated will result in even more drops to 58.06. On the upside, there is a resistance level at 59.54. A further resistance level may holdings at 60.00. The Relative Strength Index (RSI) on the 14-day chart is 60.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.52%. Stochastics%K at 78.98% indicates the stock is a holding.

How much short interest is there in National Fuel Gas Co.?

A steep rise in short interest was recorded in National Fuel Gas Co. stocks on 2024-07-31, dropping by -0.47 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.56 million shares. There was a decline of -15.2%, which implies that there is a negative sentiment for the stock.

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