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Understanding the Risks of Investing in Northwest Bancshares Inc (NWBI)

In a filing, Northwest Bancshares Inc revealed its SEVP, Chief Operating Officer HARVEY WILLIAM W unloaded Company’s shares for reported $0.19 million on Jul 26 ’24. In the deal valued at $14.18 per share,13,614 shares were sold. As a result of this transaction, HARVEY WILLIAM W now holds 208,302 shares worth roughly $2.85 million.

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Then, HARVEY WILLIAM W bought 13,614 shares, generating $192,442 in total proceeds.

Before that, Meegan John P sold 7,200 shares. Northwest Bancshares Inc shares valued at $101,924 were divested by the Director at a price of $14.16 per share. As a result of the transaction, Meegan John P now holds 76,324 shares, worth roughly $1.04 million.

Janney initiated its Northwest Bancshares Inc [NWBI] rating to a Neutral in a research note published on September 29, 2022; the price target was $15. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early May from “a Neutral” to “an Underweight”. B. Riley Securities revised its rating on July 27, 2021. It rated NWBI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of NWBI

On Monday, Northwest Bancshares Inc [NASDAQ:NWBI] saw its stock fall -0.94% to $13.67. Over the last five days, the stock has gained 1.94%. Northwest Bancshares Inc shares have risen nearly 9.54% since the year began. Nevertheless, the stocks have risen 23.49% over the past one year. While a 52-week high of $14.55 was reached on 07/26/24, a 52-week low of $9.80 was recorded on 05/01/24. SMA at 50 days reached $12.55, while 200 days put it at $11.77.

Levels Of Support And Resistance For NWBI Stock

The 24-hour chart illustrates a support level at 13.57, which if violated will result in even more drops to 13.47. On the upside, there is a resistance level at 13.85. A further resistance level may holdings at 14.02. The Relative Strength Index (RSI) on the 14-day chart is 61.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.15%. Stochastics %K at 81.22% indicates the stock is a selling.

How much short interest is there in Northwest Bancshares Inc?

A steep rise in short interest was recorded in Northwest Bancshares Inc stocks on 2024-07-31, growing by 21135.0 shares to a total of 3.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.02 million shares. There was a rise of 0.7%, which implies that there is a positive sentiment for the stock.

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