In a filing, Northern Oil and Gas Inc. revealed its President Dirlam Adam A. unloaded Company’s shares for reported $96558.0 on Oct 03 ’24. In the deal valued at $38.50 per share,2,508 shares were sold. As a result of this transaction, Dirlam Adam A. now holds 107,876 shares worth roughly $4.28 million.
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Then, Dirlam Adam A. sold 366 shares, generating $14,091 in total proceeds. Upon selling the shares at $38.50, the President now owns 16,791 shares.
Before that, Allen Chad W sold 500 shares. Northern Oil and Gas Inc. shares valued at $18,565 were divested by the CFO at a price of $37.13 per share. As a result of the transaction, Allen Chad W now holds 85,292 shares, worth roughly $3.38 million.
A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Morgan Stanley began covering NOG with “an Equal-weight” recommendation on January 05, 2024. BofA Securities revised its rating on January 05, 2024. It rated NOG as “an Underperform” which previously was an “a Buy”.
Price Performance Review of NOG
On Friday, Northern Oil and Gas Inc. [NYSE:NOG] saw its stock jump 1.48% to $39.66. Over the last five days, the stock has gained 12.77%. Northern Oil and Gas Inc. shares have risen nearly 6.99% since the year began. Nevertheless, the stocks have risen 5.39% over the past one year. While a 52-week high of $43.80 was reached on 07/31/24, a 52-week low of $31.13 was recorded on 02/05/24. SMA at 50 days reached $37.66, while 200 days put it at $37.93.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 39.20, which if violated will result in even more drops to 38.75. On the upside, there is a resistance level at 39.98. A further resistance level may holdings at 40.31. The Relative Strength Index (RSI) on the 14-day chart is 63.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.39%. Stochastics %K at 89.47% indicates the stock is a selling.
How much short interest is there in Northern Oil and Gas Inc.?
A steep rise in short interest was recorded in Northern Oil and Gas Inc. stocks on 2024-09-13, growing by 0.8 million shares to a total of 15.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 15.05 million shares. There was a rise of 5.07%, which implies that there is a positive sentiment for the stock.
