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. Northrop Grumman Corp. shares valued at $17,151 were sold by WELSH MARK A III on Sep 05 ’24. At $519.74 per share, WELSH MARK A III sold 33 shares. The insider’s holdings dropped to 4,239 shares worth approximately $2.28 million following the completion of this transaction.
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Also, WELSH MARK A III sold 34 shares, netting a total of over 17,546 in proceeds. Following the sale of shares at $516.06 each, the insider now holds 4,272 shares.
Before that, Mark Welsh had added 133 shares to its account. In a trade valued at $68,303, the Affiliate bought Northrop Grumman Corp. shares for $513.56 each.
As published in a research note from Alembic Global Advisors on August 27, 2024, Northrop Grumman Corp. [NOC] has been rated down from an Overweight to a Neutral and the price target has been revised to $560. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of June 26, 2024, BTIG Research has initiated its “Buy” rating for NOC. Earlier on June 21, 2024, Bernstein downgraded its rating. Their new recommendation was “a Mkt perform” for NOC stock which previously was a “an Outperform”.
Analyzing NOC Stock Performance
During the last five days, there has been a surge of approximately 2.04%. Over the course of the year, Northrop Grumman Corp. shares have jumped approximately 15.11%. Shares of the company reached a 52-week high of $555.57 on 10/01/24 and a 52-week low of $418.60 on 06/14/24. A 50-day SMA is recorded $509.32, while a 200-day SMA reached $469.57. Nevertheless, trading volume fell to 0.69 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for Northrop Grumman Corp. (NOC)
According to the 24-hour chart, there is a support level at 535.70, which, if violated, would cause prices to drop to 532.52. In the upper region, resistance lies at 544.64. The next price resistance is at 550.40. RSI (Relative Strength Index) is 67.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.52, which suggests the price will increase in the coming days. Percent R is at 39.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
