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. Nasdaq Inc shares valued at $791,670 were sold by Zecca John on Sep 12 ’24. At $71.97 per share, Zecca John sold 11,000 shares. The insider’s holdings dropped to 113,263 shares worth approximately $8.27 million following the completion of this transaction.
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Also, JOHN ZECCA purchased 11,000 shares, netting a total of over 791,761 in proceeds.
Before that, Peterson Bradley J had sold 40,000 shares from its account. In a trade valued at $2,711,600, the Executive Vice President traded Nasdaq Inc shares for $67.79 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $11.42 million.
As published in their initiating research note from RBC Capital Mkts on September 27, 2024, Nasdaq Inc [NDAQ] has been an Outperform and the price target has been revised to $88. Analysts at TD Cowen started covering the stock with ‘”a Hold”‘ outlook in a report released in late September. As of September 09, 2024, Oppenheimer has reiterated its “an Outperform” rating for NDAQ. Earlier on September 04, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for NDAQ stock which previously was a “an Underperform”.
Analyzing NDAQ Stock Performance
During the last five days, there has been a drop of approximately -0.07%. Over the course of the year, Nasdaq Inc shares have jumped approximately 25.54%. Shares of the company reached a 52-week high of $74.88 on 09/23/24 and a 52-week low of $54.90 on 02/20/24. A 50-day SMA is recorded $70.52, while a 200-day SMA reached $62.13. Nevertheless, trading volume fell to 1.82 million shares from 3.84 million shares the previous day.
Support And Resistance Levels for Nasdaq Inc (NDAQ)
According to the 24-hour chart, there is a support level at 72.66, which, if violated, would cause prices to drop to 72.32. In the upper region, resistance lies at 73.23. The next price resistance is at 73.46. RSI (Relative Strength Index) is 57.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 66.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
