Northern Oil and Gas Inc.’s recently made public that its CFO Allen Chad W unloaded Company’s shares for reported $19885.0 on Aug 30 ’24. In the deal valued at $39.77 per share,500 shares were sold. As a result of this transaction, Allen Chad W now holds 86,292 shares worth roughly $3.29 million.
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Then, Dirlam Adam A. sold 1,672 shares, generating $67,131 in total proceeds. Upon selling the shares at $40.15, the President now owns 111,220 shares.
Before that, Dirlam Adam A. sold 244 shares. Northern Oil and Gas Inc. shares valued at $9,797 were divested by the President at a price of $40.15 per share. As a result of the transaction, Dirlam Adam A. now holds 17,279 shares, worth roughly $0.66 million.
Morgan Stanley initiated its Northern Oil and Gas Inc. [NOG] rating to an Equal-weight in a research note published on January 05, 2024; the price target was $40. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “an Underperform”. Johnson Rice also remained covering NOG and has decreased its forecast on December 14, 2023 with a “Accumulate” recommendation from previously “Buy” rating. Piper Sandler revised its rating on August 14, 2023. It rated NOG as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of NOG
On Tuesday, Northern Oil and Gas Inc. [NYSE:NOG] saw its stock fall -4.17% to $38.12. Over the last five days, the stock has lost -5.15%. Northern Oil and Gas Inc. shares have risen nearly 2.83% since the year began. Nevertheless, the stocks have fallen -8.87% over the past one year. While a 52-week high of $43.80 was reached on 07/31/24, a 52-week low of $31.13 was recorded on 02/05/24. SMA at 50 days reached $39.11, while 200 days put it at $38.02.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 37.52, which if violated will result in even more drops to 36.92. On the upside, there is a resistance level at 38.81. A further resistance level may holdings at 39.50. The Relative Strength Index (RSI) on the 14-day chart is 45.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.77%. Stochastics %K at 57.71% indicates the stock is a holding.
How much short interest is there in Northern Oil and Gas Inc.?
A steep rise in short interest was recorded in Northern Oil and Gas Inc. stocks on 2024-08-15, growing by 1.63 million shares to a total of 15.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 13.42 million shares. There was a rise of 10.83%, which implies that there is a positive sentiment for the stock.
