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. Northwest Bancshares Inc shares valued at $192,999 were sold by HARVEY WILLIAM W on Jul 26 ’24. At $14.18 per share, HARVEY WILLIAM W sold 13,614 shares. The insider’s holdings dropped to 208,302 shares worth approximately $2.75 million following the completion of this transaction.
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Also, HARVEY WILLIAM W purchased 13,614 shares, netting a total of over 192,442 in proceeds.
Before that, Meegan John P had sold 7,200 shares from its account. In a trade valued at $101,924, the Director traded Northwest Bancshares Inc shares for $14.16 each. Upon closing the transaction, the insider’s holdings decreased to 7,200 shares, worth approximately $1.01 million.
As published in their initiating research note from Janney on September 29, 2022, Northwest Bancshares Inc [NWBI] has been a Neutral and the price target has been revised to $15. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early May. Earlier on July 27, 2021, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for NWBI stock which previously was a “a Buy”.
Analyzing NWBI Stock Performance
During the last five days, there has been a drop of approximately -4.49%. Over the course of the year, Northwest Bancshares Inc shares have jumped approximately 5.61%. Shares of the company reached a 52-week high of $14.55 on 07/26/24 and a 52-week low of $10.45 on 05/01/24. A 50-day SMA is recorded $13.38, while a 200-day SMA reached $12.01. Nevertheless, trading volume fell to 0.53 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Northwest Bancshares Inc (NWBI)
According to the 24-hour chart, there is a support level at 13.11, which, if violated, would cause prices to drop to 13.04. In the upper region, resistance lies at 13.28. The next price resistance is at 13.37. RSI (Relative Strength Index) is 46.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 62.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
