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Insider Selling: Reville Michael W, National Fuel Gas Co. [NFG] General Counsel and Secretary divested 1,700 shares

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. National Fuel Gas Co. shares valued at $103,312 were sold by Reville Michael W on Sep 25 ’24. At $60.77 per share, Reville Michael W sold 1,700 shares. The insider’s holdings dropped to 8,203 shares worth approximately $0.48 million following the completion of this transaction.

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Also, Reville Michael W purchased 1,700 shares, netting a total of over 103,292 in proceeds.

Before that, KRAEMER RONALD C had sold 7,639 shares from its account. In a trade valued at $448,791, the Chief Operating Officer traded National Fuel Gas Co. shares for $58.75 each. Upon closing the transaction, the insider’s holdings decreased to 7,639 shares, worth approximately $2.27 million.

As published in a research note from Scotiabank on September 13, 2023, National Fuel Gas Co. [NFG] has been rated up from a Sector perform to a Sector outperform. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early February. As of January 17, 2023, Scotiabank has decreased its “Sector outperform” rating to a “Sector perform” for NFG.

Analyzing NFG Stock Performance

During the last five days, there has been a drop of approximately -2.34%. Over the course of the year, National Fuel Gas Co. shares have jumped approximately 17.50%. Shares of the company reached a 52-week high of $61.56 on 09/24/24 and a 52-week low of $45.32 on 02/08/24. A 50-day SMA is recorded $59.11, while a 200-day SMA reached $53.99. Nevertheless, trading volume fell to 0.59 million shares from 0.37 million shares the previous day.

Support And Resistance Levels for National Fuel Gas Co. (NFG)

According to the 24-hour chart, there is a support level at 58.45, which, if violated, would cause prices to drop to 57.95. In the upper region, resistance lies at 59.83. The next price resistance is at 60.72. RSI (Relative Strength Index) is 44.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 85.29%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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