The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NorthWestern Energy Group Inc shares valued at $35,721 were sold by Ide Britt E on Aug 08 ’24. At $51.92 per share, Ide Britt E sold 688 shares. The insider’s holdings dropped to 10,778 shares worth approximately $0.61 million following the completion of this transaction.
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Also, Hines John D sold 1,565 shares, netting a total of over 80,049 in proceeds. Following the sale of shares at $51.15 each, the insider now holds 32,794 shares.
Before that, Ide Britt E had sold 687 shares from its account. In a trade valued at $35,243, the Director traded NorthWestern Energy Group Inc shares for $51.30 each. Upon closing the transaction, the insider’s holdings decreased to 687 shares, worth approximately $0.6 million.
Analysts at Guggenheim upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of January 04, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for NWE. Earlier on November 07, 2023, Ladenburg Thalmann downgraded its rating. Their new recommendation was “a Neutral” for NWE stock which previously was a “a Buy”.
Analyzing NWE Stock Performance
During the last five days, there has been a surge of approximately 2.51%. Over the course of the year, NorthWestern Energy Group Inc shares have jumped approximately 11.71%. Shares of the company reached a 52-week high of $57.14 on 09/17/24 and a 52-week low of $46.15 on 02/13/24. A 50-day SMA is recorded $53.52, while a 200-day SMA reached $50.78. Nevertheless, trading volume fell to 0.53 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for NorthWestern Energy Group Inc (NWE)
According to the 24-hour chart, there is a support level at 56.29, which, if violated, would cause prices to drop to 55.74. In the upper region, resistance lies at 57.26. The next price resistance is at 57.68. RSI (Relative Strength Index) is 71.48 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 8.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
