Northern Trust Corp.’s recent filing unveils that its Director Tribbett Charles A acquired Company’s shares for reported $0.16 million on Sep 12 ’24. In the deal valued at $86.36 per share,1,855 shares were bought.
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Then, Gossett Mark C sold 6,000 shares, generating $533,400 in total proceeds. Upon selling the shares at $88.90, the Executive Vice President now owns 28,707 shares.
Before that, Mark C. Gossett bought 6,000 shares. Northern Trust Corp. shares valued at $534,000 were divested by the Affiliate at a price of $89.00 per share.
Morgan Stanley downgraded its Northern Trust Corp. [NTRS] rating to an Underweight from a an Equal-weight in a research note published on January 30, 2024; the price target was increased to $86 from $82. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Wolfe Research also remained covering NTRS and has decreased its forecast on January 03, 2024 with a “an Underperform” recommendation from previously “Peer perform” rating. Wells Fargo revised its rating on October 18, 2023. It rated NTRS as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of NTRS
On Friday, Northern Trust Corp. [NASDAQ:NTRS] saw its stock jump 0.90% to $88.24. Over the last five days, the stock has gained 1.82%. Northern Trust Corp. shares have risen nearly 4.57% since the year began. Nevertheless, the stocks have risen 22.71% over the past one year. While a 52-week high of $92.46 was reached on 07/17/24, a 52-week low of $62.44 was recorded on 02/13/24. SMA at 50 days reached $86.89, while 200 days put it at $83.91.
Levels Of Support And Resistance For NTRS Stock
The 24-hour chart illustrates a support level at 87.81, which if violated will result in even more drops to 87.39. On the upside, there is a resistance level at 88.80. A further resistance level may holdings at 89.37. The Relative Strength Index (RSI) on the 14-day chart is 52.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.45%. Stochastics %K at 35.08% indicates the stock is a holding.
How much short interest is there in Northern Trust Corp.?
A steep rise in short interest was recorded in Northern Trust Corp. stocks on 2024-08-30, growing by 1.18 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.27 million shares. There was a rise of 34.12%, which implies that there is a positive sentiment for the stock.
