NatWest Group Plc ADR’s recently made public that its Affiliate The Commissioners of His Majes acquired Company’s shares for reported $290.51 million on Oct 11 ’24. In the deal valued at $3.50 per share,83,051,558 shares were bought.
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Jefferies upgraded its NatWest Group Plc ADR [NWG] rating to a Buy from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Kepler began covering NWG with “Buy” recommendation on September 05, 2024. Barclays revised its rating on November 17, 2023. It rated NWG as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of NWG
On Tuesday, NatWest Group Plc ADR [NYSE:NWG] saw its stock fall -0.43% to $9.31. Over the last five days, the stock has gained 0.32%. NatWest Group Plc ADR shares have risen nearly 65.36% since the year began. Nevertheless, the stocks have risen 67.45% over the past one year. While a 52-week high of $9.68 was reached on 07/29/24, a 52-week low of $4.30 was recorded on 02/13/24. SMA at 50 days reached $9.05, while 200 days put it at $7.64.
Levels Of Support And Resistance For NWG Stock
The 24-hour chart illustrates a support level at 9.25, which if violated will result in even more drops to 9.20. On the upside, there is a resistance level at 9.42. A further resistance level may holdings at 9.54. The Relative Strength Index (RSI) on the 14-day chart is 54.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.66%. Stochastics %K at 85.57% indicates the stock is a selling.
How much short interest is there in NatWest Group Plc ADR?
A steep rise in short interest was recorded in NatWest Group Plc ADR stocks on 2024-09-30, growing by 0.4 million shares to a total of 1.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.39 million shares. There was a rise of 22.59%, which implies that there is a positive sentiment for the stock.
