Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Northern Trust Corp. shares valued at $163,463 were sold by Tribbett Charles A on Sep 13 ’24. At $88.12 per share, Tribbett Charles A sold 1,855 shares. The insider’s holdings dropped to 1,000 shares worth approximately $89930.0 following the completion of this transaction.
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Also, Tribbett Charles A purchased 1,855 shares, netting a total of over 160,203 in proceeds.
Before that, Gossett Mark C had sold 6,000 shares from its account. In a trade valued at $533,400, the Executive Vice President traded Northern Trust Corp. shares for $88.90 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $2.58 million.
As published in a research note from Goldman on September 26, 2024, Northern Trust Corp. [NTRS] has been rated down from a Neutral to a Sell and the price target has been revised to $82 from $84. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in late January. As of January 09, 2024, Jefferies has increased its “Hold” rating to a “Buy” for NTRS. Earlier on January 03, 2024, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for NTRS stock which previously was a “a Peer perform”.
Analyzing NTRS Stock Performance
During the last five days, there has been a drop of approximately -2.90%. Over the course of the year, Northern Trust Corp. shares have jumped approximately 6.58%. Shares of the company reached a 52-week high of $92.82 on 09/20/24 and a 52-week low of $76.67 on 02/13/24. A 50-day SMA is recorded $87.69, while a 200-day SMA reached $84.42. Nevertheless, trading volume fell to 1.55 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Northern Trust Corp. (NTRS)
According to the 24-hour chart, there is a support level at 88.33, which, if violated, would cause prices to drop to 86.72. In the upper region, resistance lies at 91.16. The next price resistance is at 92.38. RSI (Relative Strength Index) is 52.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 40.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
