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 $139,953 were sold by Jefferson William Jr. on Aug 19 ’24. At $32.07 per share, Jefferson William Jr. sold 4,364 shares. The insider’s holdings dropped to 33,129 shares worth approximately $1.07 million following the completion of this transaction.
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Also, Anderson Shawn purchased 6,730 shares, netting a total of over 216,976 in proceeds.
Before that, Jefferson William Jr. had added 4,364 shares to its account. In a trade valued at $139,953, the Officer bought NiSource Inc shares for $32.07 each.
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 1.51%. Over the course of the year, NiSource Inc shares have jumped approximately 21.73%. Shares of the company reached a 52-week high of $32.44 on 08/21/24 and a 52-week low of $24.80 on 02/13/24. A 50-day SMA is recorded $30.11, while a 200-day SMA reached $27.66. Nevertheless, trading volume fell to 4.59 million shares from 3.27 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 32.13, which, if violated, would cause prices to drop to 31.94. In the upper region, resistance lies at 32.48. The next price resistance is at 32.63. RSI (Relative Strength Index) is 70.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 6.53%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
