In a filing, NiSource Inc revealed its EVP & CFO Anderson Shawn unloaded Company’s shares for reported $0.22 million on Aug 21 ’24. In the deal valued at $32.24 per share,6,730 shares were sold. As a result of this transaction, Anderson Shawn now holds 165,281 shares worth roughly $5.62 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Jefferson William Jr. sold 4,364 shares, generating $139,953 in total proceeds. Upon selling the shares at $32.07, the EVP, Chief Op & Safety Officer now owns 33,129 shares.
Before that, Anderson Shawn bought 6,730 shares. NiSource Inc shares valued at $216,976 were divested by the Officer at a price of $32.24 per share.
A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Barclays began covering NI with “an Overweight” recommendation on January 22, 2024. Ladenburg Thalmann started covering the stock on October 06, 2023. It rated NI as “a Buy”.
Price Performance Review of NI
On Monday, NiSource Inc [NYSE:NI] saw its stock fall -1.79% to $34.02. Over the last five days, the stock has lost -1.82%. NiSource Inc shares have risen nearly 28.14% since the year began. Nevertheless, the stocks have risen 42.76% over the past one year. While a 52-week high of $35.10 was reached on 10/01/24, a 52-week low of $23.07 was recorded on 02/13/24. SMA at 50 days reached $32.96, while 200 days put it at $28.90.
Levels Of Support And Resistance For NI Stock
The 24-hour chart illustrates a support level at 33.81, which if violated will result in even more drops to 33.61. On the upside, there is a resistance level at 34.37. A further resistance level may holdings at 34.73. The Relative Strength Index (RSI) on the 14-day chart is 53.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.56%. Stochastics %K at 63.66% indicates the stock is a holding.
How much short interest is there in NiSource Inc?
A steep rise in short interest was recorded in NiSource Inc stocks on 2024-09-13, dropping by -8.12 million shares to a total of 8.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 16.34 million shares. There was a decline of -98.75%, which implies that there is a negative sentiment for the stock.
